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.
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
|