June Private Market Update
| Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
|---|---|---|---|---|---|---|
| 06/02/2025 | Series 11 | $148.26MM | $xx.xx | $5.16B | Chevron, Google, New Enterprise Associates, Reimagined Ventures, Sumitomo Corporation Of Americas, Tiff Investment Management | |
|
Price per Share
$xx.xx
Shares Outstanding
1,482,568
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
2.0x
Dividend Rate
4.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Chevron, Google, New Enterprise Associates, Reimagined Ventures, Sumitomo Corporation Of Americas, Tiff Investment Management
|
||||||
| 06/02/2025 | Series 12 | $251.74MM | $xx.xx | $5.16B | Chevron, Google, New Enterprise Associates, Reimagined Ventures, Sumitomo Corporation Of Americas, Tiff Investment Management | |
|
Price per Share
$xx.xx
Shares Outstanding
5,034,864
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
4.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Chevron, Google, New Enterprise Associates, Reimagined Ventures, Sumitomo Corporation Of Americas, Tiff Investment Management
|
||||||
| 04/09/2021 | Series 10 | $153.49MM | $xx.xx | $3.07B | Alphabet, Kuwait Investment Authority, New Enterprise Associates, Parkway Venture Capital, Venrock, Vulcan Capital, Wellcome Trust | |
|
Price per Share
$xx.xx
Shares Outstanding
2,361,438
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.3x
Dividend Rate
4.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Alphabet, Kuwait Investment Authority, New Enterprise Associates, Parkway Venture Capital, Venrock, Vulcan Capital, Wellcome Trust
|
||||||
| 02/27/2017 | Series 9 | $221.02MM | $xx.xx | $2.13B | Undisclosed Investors | |
|
Price per Share
$xx.xx
Shares Outstanding
4,420,303
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
4.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
| 01/01/2015 | Series 8 | $96.08MM | $xx.xx | $1.39B | Undisclosed Investors | |
|
Price per Share
$xx.xx
Shares Outstanding
2,402,104
Liquidation Pref Order
5
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
4.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
| 02/01/2013 | Series 7 | $127MM | $xx.xx | $816.17MM | The Rusnano Group | |
|
Price per Share
$xx.xx
Shares Outstanding
5,080,000
Liquidation Pref Order
6
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
4.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
The Rusnano Group
|
||||||
| 08/01/2010 | Series 6 | $84.96MM | $xx.xx | $465.59MM | New Enterprise Associates | |
|
Price per Share
$xx.xx
Shares Outstanding
4,530,998
Liquidation Pref Order
7
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
4.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
New Enterprise Associates
|
||||||
| 05/21/2007 | Series 5 | $40MM | $xx.xx | $241.86MM | Goldman Sachs, Venrock, Vulcan Capital | |
|
Price per Share
$xx.xx
Shares Outstanding
3,200,000
Liquidation Pref Order
8
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
4.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Goldman Sachs, Venrock, Vulcan Capital
|
||||||
| 11/14/2005 | Series 4 | $50.22MM | $xx.xx | $186.87MM | Venrock, Vulcan Capital | |
|
Price per Share
$xx.xx
Shares Outstanding
5,021,835
Liquidation Pref Order
9
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
4.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Venrock, Vulcan Capital
|
||||||
| 09/08/2003 | Series 3 | $9.79MM | $xx.xx | $48.39MM | Vulcan Capital | |
|
Price per Share
$xx.xx
Shares Outstanding
1,958,592
Liquidation Pref Order
10
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Vulcan Capital
|
||||||
| 01/07/2003 | Series 2 | $1.14MM | $xx.xx | $28.58MM | Undisclosed Investors | |
|
Price per Share
$xx.xx
Shares Outstanding
228,900
Liquidation Pref Order
11
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
|
||||||
| 07/12/2002 | Series 1 | $3MM | $xx.xx | $12MM | Paul Allen | |
|
Price per Share
$xx.xx
Shares Outstanding
1,200,000
Liquidation Pref Order
12
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Paul Allen
|
||||||
According to the non-profit International Energy Agency, nearly $2 trillion will be invested in clean energy technologies and infrastructure worldwide by the end of this year. The United States’ share includes almost $315 billion of that investment with business and government entities fueling the surge.
Private companies TAE Technologies, Helion Energy and Commonwealth Fusion Systems are receiving funding to commercialize fusion reactors.
| Last Funding Round | ||||||||
|---|---|---|---|---|---|---|---|---|
| Company | Forge Price | Forge Price Change 5 | Last Closed Trade | Share Class | Post-Money Valuation | Price per Share | Amount Raised | |
 | Commonwealth Fusion | -- | -- | $xx.xx | -- | -- | -- | -- |
 | Electric Hydrogen | -- | -- | $xx.xx | Series C-1 | $1.39B | $xx.xx | $979,980.31 |
 | Fervo Energy | -- | -- | $xx.xx | Series D-3 | $1.45B | $xx.xx | $134.5MM |
 | Helion Energy | -- | -- | $xx.xx | Series F | $5.43B | $xx.xx | $346.4MM |
 | Last Energy | -- | -- | $xx.xx | -- | -- | -- | -- |
 | Prometheus Fuels | -- | -- | $xx.xx | Series B | $1.56B | $xx.xx | $99.9MM |
 | Twelve | $4.89 | +95.60% | $xx.xx | Series C-4 | $1.32B | $xx.xx | $5MM |
 | Ultra Safe Nuclear | -- | -- | $xx.xx | Series B-2 | $1.41B | $xx.xx | $74.64MM |
 | X-energy | -- | -- | $xx.xx | -- | -- | -- | -- |
 | Zap Energy | -- | -- | $xx.xx | Series C | $674.07MM | $xx.xx | $160.61MM |
Updated on: Jun 14, 2025
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