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Sift (also known as Sift Science) was founded in 2011 by Brandon Ballinger and Jason Tan. In April 2022, CEO Marc Olesen declined to say whether or not the company has immediate plans to go public, but did remark that CFO Eu-Gene Sung brings valuable experience with taking companies through a growth phase.
Sift is a fraud prevention company whose platform helps online merchants assess and minimize risk during digital transactions. As of February 2023, the company counts DoorDash, Poshmark, Zoosk, and Hello Fresh among its customers. In 2021, the company acquired Chargeback and Keyless. Sift, a Y Combinator company, has raised more than $150 million in venture capital funding from investors including Union Square Ventures, Stripes, and Insight Partners. Following a $50 million fundraise in 2022, Sift announced that its valuation had surpassed $1 billion.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Sift does not currently have an official ticker symbol because this company is still private. Register today to connect with our Private Market Specialists and learn more about new pre-IPO investment opportunities.
The stock price for Sift will be known as it becomes public. Here are similar public companies: Dropbox (NAS: DBX), Okta (NAS: OKTA), VMware (NYS: VMW), Workday (NAS: WDAY), Atlassian (NAS: TEAM).
| Date | Funding Round | Funding Raised | Price per Share | IPO Valuation |
|---|---|---|---|---|
| 9/24/2021 | Series E-1 | $25MM raised | $XXX.XX | $XXX.XX |
| 4/22/2021 | Series E | $63MM raised | $XXX.XX | $XXX.XX |
| 3/21/2018 | Series D | $53MM raised | $XXX.XX | $XXX.XX |
| 7/19/2016 | Series C | $30MM raised | $XXX.XX | $XXX.XX |
| 5/14/2014 | Series B | $18MM raised | $XXX.XX | $XXX.XX |
| 3/20/2013 | Series A | $5.59MM raised | $XXX.XX | $XXX.XX |
Sift is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started.
If you own Sift pre-IPO shares and are considering selling, you can find what your shares could be worth on Forge’s secondary marketplace.
Our Private Market Specialists are available to answer any questions you might have and can help connect you with a buyer from our network of 125,000 accredited investors and institutions. You can also learn more about how to sell your private shares before getting started.
Sift is a private company and not publicly traded.
If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.
