SoFi IPO

sofi.comFinTechFounded: 2011Funding to Date: $3.28B

Social Finance (“SoFi”) was founded in 2011 by Mike Cagney, Ian Brady, James Finnigan, and Dan Macklin. In April 2019, SoFi CEO Anthony Noto stated in an interview with Yahoo! Finance that “an IPO is not a priority at this point.” These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

SoFi is an online finance company and student loan servicer. The company has raised over $2.4 billion in Venture Capital funding from investors including 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. Per company press releases, SoFi last raised $500 million in May 2019 at a post-money valuation of $4.8 billion.

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Valuation

Date of Last Funding Round

May 2019

Amount Last Raised

$4.81 B

Value at Last Round

$500 MM

Total Funding to Date

$2.4 B

Enterprise Value (based on primary financings)