August Private Market Update
Snyk was founded in 2015 by Guy Podjarny and Danny Grander. According to TechCrunch in December 2024, there were discussions of an IPO, however since then the company has confirmed they are in no rush to go public.
Synk is a cybersecurity company that specializes in application security. Per Forge data, Snyk has raised a total of $1.2 billion in funding over 13 rounds. Their latest funding was raised on Jan 24, 2023. Key investors include boldstart ventures, Addition, Salesforce Ventures, Canaan Partners, Atlassian Ventures, Stripes, and Tiger Global Management.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
| Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
|---|---|---|---|---|---|---|
| 01/24/2023 | Series G | $221.5MM | $xx.xx | $7.42B | Evolution Equity Partners, G Squared, Irving Investors, Qatar Investment Authority, Sands Capital, Servicenow, Tiger Global Management | |
|
Price per Share
$xx.xx
Shares Outstanding
19,284,172
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Evolution Equity Partners, G Squared, Irving Investors, Qatar Investment Authority, Sands Capital, Servicenow, Tiger Global Management
|
||||||
| 09/30/2021 | Series F | $385.81MM | $xx.xx | $8.5B | Accel, Addition, Alkeon, Atlassian Ventures, Baillie Gifford, Blackrock, Boldstart Ventures, Canaan Partners, Coatue, Franklin Templeton, Geodesic Capital, Koch Strategic Platforms, Lone Pine Capital, Salesforce Ventures, Sands Capital, Temasek, Tiger Global Management, T. Rowe Price, Whale Rock Capital Management | |
|
Price per Share
$xx.xx
Shares Outstanding
26,895,960
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Accel, Addition, Alkeon, Atlassian Ventures, Baillie Gifford, Blackrock, Boldstart Ventures, Canaan Partners, Coatue, Franklin Templeton, Geodesic Capital, Koch Strategic Platforms, Lone Pine Capital, Salesforce Ventures, Sands Capital, Temasek, Tiger Global Management, T. Rowe Price, Whale Rock Capital Management
|
||||||
| 03/10/2021 | Series E | $199.09MM | $xx.xx | $4.7B | Accel, Addition, Blackrock, Boldstart Ventures, Canaan Partners, Coatue, Gv, Salesforce Ventures, Tiger Global Management | |
|
Price per Share
$xx.xx
Shares Outstanding
24,083,743
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Accel, Addition, Blackrock, Boldstart Ventures, Canaan Partners, Coatue, Gv, Salesforce Ventures, Tiger Global Management
|
||||||
| 09/09/2020 | Series D | $198.41MM | $xx.xx | $2.6B | Accel, Addition, Amity Ventures, Boldstart, Canaan, Coatue, Gv, Salesforce Ventures, Stripes, Tiger Global Management, Trend Forward Capital | |
|
Price per Share
$xx.xx
Shares Outstanding
40,003,448
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Accel, Addition, Amity Ventures, Boldstart, Canaan, Coatue, Gv, Salesforce Ventures, Stripes, Tiger Global Management, Trend Forward Capital
|
||||||
| 01/21/2020 | Series C | $140MM | $xx.xx | $1.25B | Amity Ventures, Boldstart, Coatue Management, Salesforce Ventures, Stripes, Tiger Global Management, Trend Forward Capital | |
|
Price per Share
$xx.xx
Shares Outstanding
57,210,576
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Amity Ventures, Boldstart, Coatue Management, Salesforce Ventures, Stripes, Tiger Global Management, Trend Forward Capital
|
||||||
| 09/10/2019 | Series B | $70MM | $xx.xx | $467.2MM | Boldstart Ventures, Gv, Heavybit | |
|
Price per Share
$xx.xx
Shares Outstanding
57,212,440
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Boldstart Ventures, Gv, Heavybit
|
||||||
| 09/25/2018 | Series A | $30.7MM | $xx.xx | $112.37MM | Accel, Boldstart Ventures, Canaan Partners, Fundfire, Gv, Heavybit, Peter McKay | |
|
Price per Share
$xx.xx
Shares Outstanding
101,825,411
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Accel, Boldstart Ventures, Canaan Partners, Fundfire, Gv, Heavybit, Peter McKay
|
||||||
| 01/27/2016 | Series Seed | $5.69MM | $xx.xx | $18.49MM | Boldstart Ventures, Heavybit | |
|
Price per Share
$xx.xx
Shares Outstanding
89,167,051
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Boldstart Ventures, Heavybit
|
||||||
With calendrical winter coming to an end in just over a month, the chilly IPO market could soon be much warmer. Literally and figuratively, the market is well-poised to enter an "IPO Spring," as Connor Group Managing Partner Jim Neesen called it in a recent Yahoo Finance interview.
While 2024 showed some signs of recovery from the IPO slowdown of 2022–2023, the private-to-public pathway remained relatively quiet. There were 225 IPOs in the U.S. in 2024 vs. 154 in 2023, yet still far below the 1,034 IPOs seen in 2021.
| Last Funding Round | ||||||||
|---|---|---|---|---|---|---|---|---|
| Company | Forge Price | Forge Price Change 5 | Last Closed Trade | Share Class | Post-Money Valuation | Price per Share | Amount Raised | |
 | OpenAI | $469.47 | -0.01% | $xx.xx | Funding Round | -- | -- | -- |
 | Anduril | $40.88 | -3.86% | $xx.xx | Series G | $30.5B | $xx.xx | $2.5B |
 | Cerebras | $32.61 | +0.09% | $xx.xx | Series F-1 | $2.87B | $xx.xx | $420MM |
 | Kraken | $42.82 | +0.14% | $xx.xx | Series B | $5.52B | $xx.xx | $52.5MM |
 | Netskope | $14.22 | +0.57% | $xx.xx | Series H | $7.5B | $xx.xx | $300MM |
 | Figure | $5.68 | +3.09% | $xx.xx | Series D | $3.33B | $xx.xx | $220MM |
 | Klarna | $37.31 | +21.02% | $xx.xx | Unknown | -- | -- | -- |
 | Shein | -- | -- | $xx.xx | -- | -- | -- | -- |
 | Discord | $239.72 | +6.61% | $xx.xx | Series I | $15B | $xx.xx | $500MM |
 | Cohesity | $15.67 | +0.06% | $xx.xx | Series H-1 | $4.69B | $xx.xx | $27.5MM |
Updated on: Jul 15, 2025
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