SoFi SoFi IPO
$5.69B
Series H-1 Valuation, May 2020
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Company Details

SoFi was founded in 2011 by Mike Cagney, Ian Brady, James Finnigan, and Dan Macklin. According to the Financial Times in September 2023, “SoFi, the Nasdaq-listed fintech, is underwriting its first mainstream initial public offering.”

SoFi is an online finance company and student loan service. Per Forge data, SoFi has raised a total of $4.1 billion in funding over 18 rounds, with their latest funding being raised on Jun 1, 2021. Key investors include Manhattan Venture Partners, Qatar Investment Authority, G Squared, GGV Capital, SharesPost, SoftBank, Silver Lake Management, IVP, Peter Thiel, Baseline Ventures, DCM Ventures, and RPM Ventures.

These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

Sector
Subsector
Founded
2011
Forge Price 1
Price not available
Post-Money Valuation 3
$5.69B
Total Funding
$3.28B
LFR Price per Share
$xx.xx
Last Funding Share Class
Series H-1

Learn More About SoFi

To invest in SoFi pre-IPO

Can you invest in SoFi pre-IPO?

You may invest in SoFi as it is a public company listed on the NASDAQ with ticker SOFI. But if you are an accredited investor interested in buying pre-IPO shares of a private company, you can learn more about how to invest in the private market or register today to get started.

Can you sell shares of SoFi before it goes public?

You can no longer sell shares of SoFi on Forge as this company is no longer private. However, if you own shares of a private company, Forge may be able to help you sell them in a way that works for you and the company. Learn more or register with us today to get started.

What is the pre-IPO value of my SoFi shares?

Forge can no longer determine the value of SoFi shares as this company is no longer private. However, if you own shares of a private company, Forge may help you value and sell them in a way that works for you and the company. Learn more or register with us today to get started.

Is SoFi a publicly traded company?

SoFi became a public company following its SPAC on 06/01/2021 and is now traded on the NASDAQ under the ticker SOFI.

To learn more about SoFi potential IPO

Will SoFi go IPO?

SoFi became a public company following its SPAC on 06/01/2021 and is now traded on the NASDAQ under the ticker SOFI.

What is SoFi’s IPO price?

The IPO price of SoFi is not currently available.

When was SoFi founded?

SoFi was founded in 2011.

What is SoFi funding to date?

SoFi has raised $3.28B to date.
SoFi Major Investors
Institutional Venture Partners
Wicklow Capital
Discovery Capital
Third Point Ventures
Baseline Ventures
Thomvest Ventures
Innovation Endeavors
SG VC
Peter Thiel
DCM
Renren Inc.

SoFi Funding Rounds and Valuation

Funding History Chart
Funding Round Details
Funding Date Share Class Amount Raised Price per Share Post-Money Valuation Key Investors
05/13/2020 Series H-1 $879.86MM $xx.xx $5.69B Undisclosed Investors
Price per Share
$xx.xx
Shares Outstanding
57,000,000
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
Undisclosed Investors
05/29/2019 Series H $500MM $xx.xx $4.81B Qatar Investment Authority
Price per Share
$xx.xx
Shares Outstanding
32,391,392
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
Qatar Investment Authority
03/31/2017 Series G $500MM $xx.xx $4.4B Gpi Capital, Silver Lake Management, Softbank
Price per Share
$xx.xx
Shares Outstanding
29,096,495
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
Gpi Capital, Silver Lake Management, Softbank
07/28/2015 Series F $1B $xx.xx $3.56B Baseline Ventures, Dcm Ventures, Institutional Venture Partners (Ivp), It Ventures, Renren, Several Other Investors, Sharespost, Softbank Capital, The Hartford, Third Point Ventures, Wellington Management Company
Price per Share
$xx.xx
Shares Outstanding
63,386,220
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
Baseline Ventures, Dcm Ventures, Institutional Venture Partners (Ivp), It Ventures, Renren, Several Other Investors, Sharespost, Softbank Capital, The Hartford, Third Point Ventures, Wellington Management Company
02/09/2015 Series E $231.56MM $xx.xx $1.53B Baseline Ventures, Dcm Ventures, Discovery Capital Management, Institutional Venture Partners, Kindling Capital, Kresge Foundation, Several Other Investors, Stanford Angels, Third Point Ventures, Thomvest Ventures, Ulu Ventures, Wellington Management Company, Wicklow Capital
Price per Share
$xx.xx
Shares Outstanding
24,483,290
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
Baseline Ventures, Dcm Ventures, Discovery Capital Management, Institutional Venture Partners, Kindling Capital, Kresge Foundation, Several Other Investors, Stanford Angels, Third Point Ventures, Thomvest Ventures, Ulu Ventures, Wellington Management Company, Wicklow Capital
04/03/2014 Series D $80.84MM $xx.xx $480MM Baseline Ventures, Discovery Capital Management, Qed Investors, Renren, Several Individual/Angel Investors, Thomvest Ventures, Wicklow Capital
Price per Share
$xx.xx
Shares Outstanding
23,411,503
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
Baseline Ventures, Discovery Capital Management, Qed Investors, Renren, Several Individual/Angel Investors, Thomvest Ventures, Wicklow Capital
06/30/2013 Series C $2.21MM $xx.xx $185MM Undisclosed Investors
Price per Share
$xx.xx
Shares Outstanding
2,209,991
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
Undisclosed Investors
09/12/2012 Series B $81.87MM $xx.xx $180MM Baseline Ventures, Dcm, Innovation Endeavor, Renren (Nyse: Renn)
Price per Share
$xx.xx
Shares Outstanding
37,252,051
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
Baseline Ventures, Dcm, Innovation Endeavor, Renren (Nyse: Renn)
10/12/2011 Series A $3.94MM $xx.xx $8MM Baseline Ventures, Dcm Ventures & Several Individual/Angel Investors, Linden Ventures, Mrb Capital, Rpm Ventures
Price per Share
$xx.xx
Shares Outstanding
19,687,500
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
Baseline Ventures, Dcm Ventures & Several Individual/Angel Investors, Linden Ventures, Mrb Capital, Rpm Ventures
Private Companies Exploring an IPO
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CerebrasCerebras$40.08+9.9%$xx.xxSeries F-1$2.84B$xx.xx$85MM
CoreWeaveCoreWeave$1,149.84+18.78%$xx.xxSeries C$19B$xx.xx$1.15B
ChimeChime$24.86-0.04%$xx.xxSeries G$24.93B$xx.xx$1.1B
KlarnaKlarna$370.00-1.33%$xx.xxUnknown$6.7B$xx.xx--
TuroTuro$12.96-4.07%$xx.xxSeries E$1.24B$xx.xx$240.52MM
CircleCircle$24.71+2.49%$xx.xxSeries F$8.05B$xx.xx$401MM
NetskopeNetskope$11.07+2.98%$xx.xxSeries H$7.5B$xx.xx$300MM
Liquid DeathLiquid Death$9.47-0.11%$xx.xxSeries F-1$1.4B$xx.xx$67.61MM
CohesityCohesity$15.66-18.31%$xx.xxSeries H-1$4.69B$xx.xx$27.5MM
MNTNMNTN----$xx.xxSeries D$2.21B$xx.xx$119MM

Updated on: Jan 21, 2025

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