Turntide Technologies IPO

Turntide Technologies (formerly known as Software Motor) was founded in 2013 by Piyush Desai, Mark Johnston, and Trevor Creary. The company has not publicly endorsed plans to participate in an IPO.

Turntide is a sustainable technology company. The company supports carbon emission reduction projects across various industries, including construction, agriculture, and transportation. Turntide Technology's products include a Smart Motor and electric HVAC system. The company has raised more than $400 million in venture capital funding from investors including Canadian Pension Plan Investment Board, Monashee Capital, JLL Spark, Breakthrough Energy Ventures, and Suvretta Capital Management. The company announced a $1 billion valuation after an $80 million fundraising round in 2022.

These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

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To invest in Turntide Technologies pre-IPO

Can you invest in Turntide Technologies pre-IPO?

Turntide Technologies is a privately held company and is not publicly traded, therefore investing in Turntide Technologies pre-IPO is only available to accredited investors. If you meet the accreditation criteria, you can learn more about Forge’s Secondary Marketplace and how to invest in private companies before their potential IPO. If you are not accredited, find out how to begin the process and qualify for new investment opportunities.

Can you sell shares of Turntide Technologies before it goes public?

You can seek to sell your shares in Turntide Technologies while it remains private. If you are considering selling, you can register today for free to get started. Once registered, a Private Market Specialist will guide you through any questions you might have. You may also continue to browse through our resources to help you understand the implications and procedures involved in selling your private market shares.

What is the pre-IPO value of my Turntide Technologies shares?

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Is Turntide Technologies a publicly traded company?

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To learn more about Turntide Technologies potential IPO

Will Turntide Technologies go IPO?

Turntide Technologies has not yet filed for an IPO. However, it’s important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2024.

What is Turntide Technologies’ IPO price?

The Turntide Technologies IPO price does not exist at this time, as Turntide Technologies is still a private company and has not yet conducted an IPO. To explore secondary market data and access private market pricing details and data that may be related to Turntide Technologies register for Forge Markets, today.

When was Turntide Technologies founded?

Turntide Technologies was founded in 2013.

What is Turntide Technologies funding to date?

Turntide Technologies has raised $1.22B to date.

Who are Turntide Technologies’s major investors?

New Ground Ventures
Meson Capital Partners
Ogci Climate Investments
Bmw I Ventures
National Science Foundation
Undisclosed Investors
Wells Fargo Innovation Incubator
Future Shape
Fifth Wall
Prime Movers Lab
For Good Ventures

Turntide Technologies Funding Rounds and Valuation

Funding History Chart
Funding Round Details
Funding Date Share Class Amount Raised Price per Share Post-Money Valuation Key Investors
06/27/2023 Series Junior $144.06MM $xx.xx $29.98B Undisclosed Investors
Price per Share
$xx.xx
Shares Outstanding
114,670,053
Liquidation Pref Order
2
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
06/27/2023 Series D-1 $91.41MM $xx.xx $29.98B Undisclosed Investors
Price per Share
$xx.xx
Shares Outstanding
198,580,100
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.5x
Conversion Ratio
0.9x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
Updated on: Nov 22, 2024

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