July Private Market Update
$55.80 $55.80+$46.13 (477.04%)+$0.63 (1.14%)+$6.78 (13.83%)+$8.80 (18.72%)+$27.80 (99.29%)
| Funding Date | Share Class | Amount Raised | Price Per Share | Post-Money Valuation 3 | Key Investors | |
|---|---|---|---|---|---|---|
| 06/10/2025 | Series F | $150MM | $49.02 | $7.2B | Altimeter, Archerman Capital, Bicycle Capital, Capital One Ventures, Citi, Coatue, Dst Global, General Catalyst, Geodesic Capital, Iconiq Growth, Ivp, Khosla Ventures, Kleiner Perkins, Latitude Capital, Lightspeed Venture Partners, Sapphire Ventures, Sequoia Capital, Wellington Management | |
|
Price Per Share
$49.02
Shares Outstanding
3,059,713
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Altimeter, Archerman Capital, Bicycle Capital, Capital One Ventures, Citi, Coatue, Dst Global, General Catalyst, Geodesic Capital, Iconiq Growth, Ivp, Khosla Ventures, Kleiner Perkins, Latitude Capital, Lightspeed Venture Partners, Sapphire Ventures, Sequoia Capital, Wellington Management
|
||||||
| 09/10/2024 | Series E | $265MM | $33.22 | $4.6B | Altimeter, Coatue, Craft Ventures, Dst Global, General Catalyst, Iconiq Growth, Ivp, Kleiner Perkins, Lightspeed Venture Partners, Sapphire Ventures, Sequoia Capital, Softbank | |
|
Price Per Share
$33.22
Shares Outstanding
7,977,962
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Altimeter, Coatue, Craft Ventures, Dst Global, General Catalyst, Iconiq Growth, Ivp, Kleiner Perkins, Lightspeed Venture Partners, Sapphire Ventures, Sequoia Capital, Softbank
|
||||||
| 02/27/2024 | Series D | $203.2MM | $17.63 | $2.2B | Adams Street, Capital One Ventures, Citi, Coatue, Databricks Ventures, General Catalyst, Iconiq Growth, Ivp, Kleiner Perkins, Latitude Capital, Lightspeed Venture Partners, Sequoia Capital, Workday Ventures | |
|
Price Per Share
$17.63
Shares Outstanding
11,527,174
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Adams Street, Capital One Ventures, Citi, Coatue, Databricks Ventures, General Catalyst, Iconiq Growth, Ivp, Kleiner Perkins, Latitude Capital, Lightspeed Venture Partners, Sequoia Capital, Workday Ventures
|
||||||
| 05/18/2022 | Series C | $101MM | $9.67 | $1B | General Catalyst, Kleiner Perkins, Lightspeed Venture Partners, Sequoia Capital | |
|
Price Per Share
$9.67
Shares Outstanding
10,445,317
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
General Catalyst, Kleiner Perkins, Lightspeed Venture Partners, Sequoia Capital
|
||||||
| 09/15/2021 | Series B | $40MM | $3.65 | $302.56MM | General Catalyst, Kleiner Perkins, Lightspeed Venture Partners | |
|
Price Per Share
$3.65
Shares Outstanding
10,950,200
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
General Catalyst, Kleiner Perkins, Lightspeed Venture Partners
|
||||||
| 06/30/2019 | Series A | $15.3MM | $0.58 | $43.71MM | Kleiner Perkins, Lightspeed Venture Partners, Slack Fund | |
|
Price Per Share
$0.58
Shares Outstanding
26,322,560
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Kleiner Perkins, Lightspeed Venture Partners, Slack Fund
|
||||||
Private market demand signals — such as investor indications of interest — can help illuminate which companies are gaining traction even before a public offering. In the first quarter of 2025, investor appetite remained strong for startups shaping the future of artificial intelligence, defense technology and blockchain infrastructure.
Five companies – Lambda, Alumis, Freenome, Applied Intuition, and Glean – celebrated notable funding hauls in the past quarter.
| Trade Metrics | Last Funding Round | |||||||
|---|---|---|---|---|---|---|---|---|
| Company | Forge Price | Last Matched Price | Share Class | Post-Money Valuation 3 | Price Per Share | Amount Raised | ||
| Anthropic | $59.00 +$2.91 (5.19%) | $xx.xx | Series E-1 | $61.5B | $56.09 | $1.92B | |
| Databricks | $112.75 +$4.84 (4.49%) | $xx.xx | Series J | $62.04B | $92.50 | $10.18B | |
 | Groq | $33.39 -$0.28 (0.83%) | $xx.xx | Series D | $2.81B | $16.08 | $493.45MM | |
 | Helsing | -- | $xx.xx | Series B | -- | -- | -- | |
 | OpenAI | $469.47 -$0.05 (0.01%) | $xx.xx | Funding Round | -- | -- | -- | |
| Perplexity | $629.49 +$133.02 (26.79%) | $xx.xx | Series E-4 | $18B | $629.49 | $100MM | |
 | SandboxAQ | $15.54 +$0.05 (0.32%) | $xx.xx | Series E | $5.78B | $17.21 | $450MM | |
 | Sigma | -- | $xx.xx | Series D | $1.51B | $16.33 | $264MM | |
 | Thinking Machines Lab | -- | $xx.xx | Series Seed | $12B | $283.41 | $1.86B | |
| xAI | $12.78 -$26.89 (67.78%) | $xx.xx | Series C | $50B | $21.65 | $6B | |
Updated on: Jul 15, 2025
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