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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Learn more about Unit

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What is Unit's IPO price?

The IPO price for Unit will be known only if it becomes public. However, you may access the "Price At Last Round" and the "Implied EV" for publicly traded comparable companies with Forge Data.
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Can you invest in Unit?

Unit 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.

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Can you sell Unit shares pre-IPO?

If you own Unit 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.

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Is Unit a publicly traded company?

Unit 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.

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What is Unit's funding to date?

Unit has raised $173.72MM to date.
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When was Unit founded?

Unit was founded in 2019.

Unit Funding Rounds and Last Known Valuation

Date Funding Round Funding Raised Price per Share Last Known Valuation
5/18/2022 Series C $99.27MM raised $XXX.XX $XXX.XX
6/17/2021 Series B $55.82MM raised $XXX.XX $XXX.XX
12/8/2020 Series A and Seed $18.62MM raised $XXX.XX $XXX.XX
Based on primary financings
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Updated on: Nov 15, 2023


Public news articles listed on this page have been curated by Forge based on several factors including, but not limited to, product updates, changes in organization structure, funding rounds, third-party valuations, and key personnel changes. Changes to this list of articles can be made at any time without notice and should not be relied upon for investment purposes. Forge does not verify the accuracy of the information contained in public news articles.