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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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.
Turntide Technologies is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started.
If you own Turntide Technologies pre-IPO shares and are considering selling, you can find what your shares could be worth on Forge’s secondary marketplace.
Our Private Market Specialists are available to answer any questions you might have and can help connect you with a buyer from our network of 125,000 accredited investors and institutions. You can also learn more about how to sell your private shares before getting started.
Turntide Technologies is a private company and not publicly traded.
If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.
| Date | Funding Round | Funding Raised | Price per Share | Last Known Valuation |
|---|---|---|---|---|
| 6/27/2023 | Series D-1 and Junior | $235.48MM raised | $XXX.XX | $XXX.XX |
