Verbit was founded in 2017 by Tom Livne. The company has discussed plans to go public through an IPO, though remains private as of June 2023.
Verbit is the developer of AI-powered transcription and captioning software. The company, based in New York and Tel Aviv, has pursued an acquisition plan in the hopes of consolidating the transcription industry. Verbit has acquired Take Note, VITAC, and Automatic Sync Technologies. The company has raised more than $550 million in venture capital funding from investors including Third Point Ventures, Sapphire Ventures, More Capital, Disruptive AI, Vertex Growth, 40North, Samsung Next, and TCP. As of November 2021, the company announced a valuation of more than $2 billion following a $250 million Series E fundraising round.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Verbit is a privately held company and is not publicly traded, therefore investing in Verbit 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 Verbit before it goes public?
You can seek to sell your shares in Verbit 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 Verbit shares?
To determine the value of your Verbit 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 Verbit shares. You can also learn more about how to sell your private shares before getting started.
Is Verbit a publicly traded company?
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.
To learn more about Verbit potential IPO
Will Verbit go IPO?
Verbit 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 Verbit’s IPO price?
The Verbit IPO price does not exist at this time, as Verbit 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 Verbit register for Forge Markets, today.
When was Verbit founded?
Verbit was founded in 2017.
What is Verbit funding to date?
Verbit has raised $365.1MM to date.
Who are Verbit’s major investors?
Sapphire Ventures
Vertex Ventures
Stripes
HV Capital
Viola Ventures
Verbit Funding Rounds and Valuation
Funding History Chart
Funding Round Details
Funding Date
Share Class
Amount Raised
Price per Share
Post-Money Valuation
Key Investors
11/23/2021
Series E-2
$3MM
$xx.xx
$2B
Third Point Ventures, Sapphire Ventures, More Capital, Disruptive AI, Vertex Growth, 40North, Samsung Next, TCP
Price per Share
$xx.xx
Shares Outstanding
206,120
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Third Point Ventures, Sapphire Ventures, More Capital, Disruptive AI, Vertex Growth, 40North, Samsung Next, TCP
11/23/2021
Series E-1
$155MM
$xx.xx
$2B
Third Point Ventures, Sapphire Ventures, More Capital, Disruptive AI, Vertex Growth, 40North, Samsung Next, TCP
Price per Share
$xx.xx
Shares Outstanding
10,650,340
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Third Point Ventures, Sapphire Ventures, More Capital, Disruptive AI, Vertex Growth, 40North, Samsung Next, TCP
06/08/2021
Series D
$120MM
$xx.xx
$1.07B
Sapphire Ventures, Third Point, More Capital, Omer Cygler, Azura, ICON Fund, Stripes, Vertex Ventures, Vertex Growth, HV Capital, Oryzn Capital, Viola Ventures, Clal-Tech
Price per Share
$xx.xx
Shares Outstanding
14,355,560
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Sapphire Ventures, Third Point, More Capital, Omer Cygler, Azura, ICON Fund, Stripes, Vertex Ventures, Vertex Growth, HV Capital, Oryzn Capital, Viola Ventures, Clal-Tech
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November Private Market Update
