Unit was founded in 2019 by Doron Somech and Itai Damti. The company has not officially endorsed a plan to participate in an IPO. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

Unit offers banking-as-a-service, allowing startups to build financial products directly into their software, a quicker and more flexible solution than traditional methods allow. The company saw strong growth in the first half of 2022, with an annualized transaction volume of more than $2.5 billion and a 10x increase in deposit volumes. A $100 million Series C round increased Unit's total venture capital funding to $170 million. Investors include Insight Partners, Accel, Better Tomorrow Ventures, and Flourish Ventures. The round also increased the company's valuation to $1.2 billion.

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To invest in Unit pre-IPO

Can you invest in Unit pre-IPO?

Unit is a privately held company and is not publicly traded, therefore investing in Unit 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 Unit before it goes public?

You can seek to sell your shares in Unit 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 Unit shares?

To determine the value of your Unit shares, create a free account to gain access to Forge’s platform. In addition to the Forge Price, Forge Markets contains pricing information for hundreds of pre-IPO companies such as Last Closed Trade Price. A Private Market Specialist will also be available to assist you with any inquiries related to your Unit shares. You can also learn more about how to sell your private shares before getting started.

Is Unit a publicly traded company?

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To learn more about Unit potential IPO

Will Unit go IPO?

Unit 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 Unit’s IPO price?

The Unit IPO price does not exist at this time, as Unit 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 Unit register for Forge Markets, today.

When was Unit founded?

Unit was founded in 2019.

What is Unit funding to date?

Unit has raised $173.72MM to date.

Unit Funding Rounds and Valuation

Funding History Chart
Funding Round Details
Funding Date Share Class Amount Raised Price per Share Post-Money Valuation Key Investors
05/18/2022 Series C $99.27MM $xx.xx $1.19B Accel, Better Tomorrow Ventures, Flourish Ventures, Insight Partners, Moving Capital, Stepstone
Price per Share
$xx.xx
Shares Outstanding
2,703,598
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Accel, Better Tomorrow Ventures, Flourish Ventures, Insight Partners, Moving Capital, Stepstone
06/17/2021 Series B $55.82MM $xx.xx $250.83MM Accel, Aleph, Flourish Ventures, Tlv Partners, Tomorrow Ventures
Price per Share
$xx.xx
Shares Outstanding
6,532,658
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Accel, Aleph, Flourish Ventures, Tlv Partners, Tomorrow Ventures
12/08/2020 Series Seed $3.62MM $xx.xx $61.61MM Aleph, Better Tomorrow Ventures, Flourish Ventures, Operator Partners, Tlv Partners
Price per Share
$xx.xx
Shares Outstanding
4,754,087
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Aleph, Better Tomorrow Ventures, Flourish Ventures, Operator Partners, Tlv Partners
12/08/2020 Series A $15MM $xx.xx $61.61MM Aleph, Better Tomorrow Ventures, Flourish Ventures, Operator Partners, Tlv Partners
Price per Share
$xx.xx
Shares Outstanding
5,603,272
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Aleph, Better Tomorrow Ventures, Flourish Ventures, Operator Partners, Tlv Partners
Updated on: Dec 17, 2024

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