The Boring Company IPO
$5.68B
Series C Valuation, Apr 2022
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The Boring Company was founded in 2016 by Elon Musk. In October 2023, Reuters reported that the company’s shares rose over 22% in employee share sale shares, with The Boring Company reportedly having an “implied valuation of over $7 billion.” The Boring Company has not officially endorsed a plan to participate in an IPO.
The Boring Company is a tunnel service provider with a mission to reduce traffic. Per Forge data, The Boring Company has raised a total of $908 million in funding over 4 rounds, with the latest funding raised on Oct 23, 2023, being from a Secondary Market round. Key investors include Sequoia Capital and Vy Capital.
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 | |
|---|---|---|---|---|---|---|
| 04/20/2022 | Series C | $675.86MM | $xx.xx | $5.68B | 8vc, Brookfield, Craft Ventures, Dacra, Dfj, Founders Fund, Lennar, Sequoia Capital, Tishman Speyer, Valor Equity Partners, Vy Capital | |
|
Price per Share
$xx.xx
Shares Outstanding
34,500,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
5.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
8vc, Brookfield, Craft Ventures, Dacra, Dfj, Founders Fund, Lennar, Sequoia Capital, Tishman Speyer, Valor Equity Partners, Vy Capital
|
||||||
| 07/26/2019 | Series B | $117.07MM | $xx.xx | $911.85MM | 8vc, Craft Ventures, Dfj, Vaor Capital, Vy Capital | |
|
Price per Share
$xx.xx
Shares Outstanding
32,609,677
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
5.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
8vc, Craft Ventures, Dfj, Vaor Capital, Vy Capital
|
||||||
| 04/16/2018 | Series A | $112.63MM | $xx.xx | $237.77MM | Elon Musk | |
|
Price per Share
$xx.xx
Shares Outstanding
112,630,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
5.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Elon Musk
|
||||||
| Last Funding Round | ||||||||
|---|---|---|---|---|---|---|---|---|
| Company | Forge Price | Forge Price Change 5 | Last Closed Trade | Share Class | Post-Money Valuation | Price per Share | Amount Raised | |
 | OpenAI | $469.47 | -0.01% | $xx.xx | Funding Round | -- | -- | -- |
 | Anduril | $40.88 | -3.86% | $xx.xx | Series G | $30.5B | $xx.xx | $2.5B |
 | Cerebras | $31.35 | -0.16% | $xx.xx | Series F-1 | $2.87B | $xx.xx | $420MM |
 | Figma | $38.00 | +0.03% | $xx.xx | Series E | $10B | $xx.xx | $200MM |
 | Kraken | $30.59 | +2.1% | $xx.xx | Series B | $5.52B | $xx.xx | $52.5MM |
 | Netskope | $14.50 | +8.45% | $xx.xx | Series H | $7.5B | $xx.xx | $300MM |
 | Klarna | $37.31 | +21.02% | $xx.xx | Unknown | -- | -- | -- |
 | Discord | $239.72 | +6.61% | $xx.xx | Series I | $15B | $xx.xx | $500MM |
 | Figure | $5.68 | +3.09% | $xx.xx | Series D | $3.33B | $xx.xx | $220MM |
 | Carlsmed | -- | -- | $xx.xx | Series C | $245.25MM | $xx.xx | $64.72MM |
Updated on: Jul 15, 2025
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