Turning a corner: Private market posts best month in yearsCore private market metrics suggest positive momentum is brewing and investor sentiment is improving
Turning a corner: Private market posts best month in years
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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.
| Date | Funding Round | Funding Raised | Price per Share | Last Known Valuation |
|---|---|---|---|---|
| 5/13/2020 | Series H-1 | $879.86MM raised | $XXX.XX | $XXX.XX |
| 5/29/2019 | Series H | $500MM raised | $XXX.XX | $XXX.XX |
| 3/31/2017 | Series G | $500MM raised | $XXX.XX | $XXX.XX |
| 7/28/2015 | Series F | $1B raised | $XXX.XX | $XXX.XX |
| 2/9/2015 | Series E | $231.56MM raised | $XXX.XX | $XXX.XX |
| 4/3/2014 | Series D | $80.84MM raised | $XXX.XX | $XXX.XX |
| 6/30/2013 | Series C | $2.21MM raised | $XXX.XX | $XXX.XX |
| 9/12/2012 | Series B | $81.87MM raised | $XXX.XX | $XXX.XX |
| 10/12/2011 | Series A | $3.94MM raised | $XXX.XX | $XXX.XX |
