List of PRE-IPO companies 2023 / Part 3
❗Please note — this info is not a recommendation to buy or sell shares.
Discord IPO (Forecast Q3 or Q4 ‘23)
- Founded Date — 2012 (HQ, SF, CA)
- Founders — Jason Citron, Stanislav Vishnevskiy
Funding traction, total raised ~$480M
- Series A — 2014 at val. $22M, $1.9457 pps
- Series B — 2015 at val. $45M, $3.3921 pps
- Series C — 2016 at val. $99,9M, $5.917 pps
- Series D — 2016 at val. $260M, $14.15 pps
- Series E — 2017 at val. $775M, $37,12 pps
- Series F — 2018 at val. $1.6B, $77 pps
- Series F1–2019 at val. $2.05B, $87.249 pps
- Series G — 2020 at val. $3.55B, $144.1809 pps
- Series H — 2020 at val. $7B, $280.2487 pps (source)
- Series I — 2021 at val. $15.2B, $550.6244 pps (source)
1) Discord Would Give Microsoft a $10 Billion ‘Place to Talk’ (source)
2) Chat Startup Discord Hires Its First Finance Chief to Boost Growth (source)
3) This latest fundraising had been rumored for a while, and some have described it as a “pre-IPO round” for the privately-backed startup. Prime Unicorn notes that Discord’s most recent price per share in the documentation is $280.2487, with the Series G priced at $144.1809. (source)
4) Chat startup to stay independent as it resumes interest in a potential initial public offering (source, source2)
Trading at $405 — $435 in the secondary market (Dec ‘22)
Patreon IPO via SPAC (Forecast Q4 ’23 or Q1 ‘24)
- Founded Date — 2013 (SF, CA, US)
- Founders — Jack Conte, Sam Yam
Funding traction, total raised ~$413.3M
- Series A — 2014 at val. $65.5M, $1.9474 pps
- Series B — 2016 at val. $140M, $3.2821 pps
- Series C — 2017 at val. $450M, $6.9511 pps
- Series D — 2019 at val. $660M, $8.8707 pps
- Series E — 2020 at val. $1.29B, $17.1062 pps
- Series F — 2021 at val. $4.01B, $49.84 pps
1) Patreon Might Join Other Companies Seeking an IPO in 2021 (source)
2) Patreon considers Public Listing as soon as this tear (source) ereter tert 3) Patreon’s valuation dropped 70% in the past year (source)
Trading at $15 — $17 in the secondary market (Dec ‘22)
Instacart IPO (Forecast Q3 or Q4 ‘23)
- Founded Date — 2012 (HQ, SF, CA)
- Founders — Apoorva Mehta, Brandon Leonardo, Max Mullen
Funding traction, total raised ~$2.4B
- Series A — 2013 at val. $26M, $2.98 pps
- Series B/B1–2014 at val. $400M, $2.98 pps
- Series C — 2014 at val. $2.1B, $13.31 pps
- Series D/D1–2017 at val. $3.5B, $18.52 pps
- Series E /E1–2018 at val. $4.37B, $20.11 pps
- Series F — 2018 at val. $7.6B, $29.74 pps
- Series G — 2020 at val. $13.74B, $48.09 pps (source)
- Series H — 2020 at val. $17.7B, $60 pps (source)
1) Instacart pushing off IPO to work on growth (source)
2)All indications point to Instacart going public this year, but it might not take the traditional IPO route. In March, Reuters reported that the company was considering going public through a direct listing instead of an IPO. A direct listing is a less expensive option where investors and employees sell their existing stocks to the public instead of offering new shares in an IPO.
3) Instacart Cuts Internal Valuation by Another 20% to $10 Billion (source)
Trading at $29— $32 in the secondary market (Dec ‘22)
Intercom IPO or M&A (Forecast Q4 ’23 or Q1 ‘24)
- Founded Date — 2011 (HQ, SF, CA)
- Founders — Ciaran Lee, David Barrett, Des Traynor, Eoghan McCabe
Funding traction, total raised ~$291M
- Series A — 2013 at val. $29M, $1.89 pps
- Series B — 2014 at val. $97M, $4.89 pps
- Series C — 2015 at val. $300M, $13.69 pps
- Series C-1–2015 at val. $520M, $21.85 pps
- Series D — 2018 at val. $1.2B, $46.43 pps
1) Ms Peacock said that an IPO was a preferable future path to remaining private and seeking more funding — even though venture markets are awash with cheap capital at present. (source)
2) Intercom hires a CFO as it ramps toward an IPO (source, source 2)
3) Billion-euro-plus Intercom is planning an IPO ‘sooner rather than later’, says CEO (source)
Trading at $52 — $58 in the secondary market (Dec ‘22)
Outreach IPO (Forecast Q3 or Q4 ‘23)
- Founded Date — 2014 (HQ, Greater Seattle Area, West Coast, Western US)
- Founders — Andrew Kinzer, Gordon Hempton, Manny Medina, Wes Hather
Funding traction, total raised ~$289M
- Series A — 2015 at val. $29M, $0.64 pps
- Series B — 2016 at val. $69M, $1.15 pps
- Series C — 2017 at val. $170M, $2.41 pps
- Series D — 2018 at val. $430M, $4.99 pps
- Series E — 2019 at val. $1.1B, $9.18 pps
- Series F — 2020 at val. $1.34B, $9.825 pps
- Series G — 2021 at val. $4.44B, $29.267 pps
1) After raising big round, Outreach CEO talks post-unicorn life, IPO plans, creating culture, and more (source)
2) Sales software startup Outreach cuts about 5% of staff, says it is still hiring (source)
Trading at $28— $34 in the secondary market (Dec ‘22)
To Be Continued
Who is Victor Koch?
Mr. Koch — serial entrepreneur, wall street worker and late-stage investor specializing in secondary shares.
Previously: Twilio, Xiaomi, iQiyi, PinDuoDuo, Tilray, Livongo, Agora, Bandwidth, Kuaishou Technology, DataRobot, Robinhood, Chime, TransferWise, Oatly, Hims, Wise, Stripe, Kopi Kenangan, Toss, Coursera.
Currently: Enflame, Intercom, Horizon Robotics, FaDaDa, Wise, Epic Games, Hai Robotics, Automattic, Fiture, TigerG, and other
Contact — here, If you are a startup building in this space — email or DM me to be included in this article.
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The content was collected from various open sources, approved by companies, and does not provide any one-stop recommendation for the purchase of shares. All data was used for only informational purposes and does not contain insider information that may be malicious or refuted by the company and SEC.
This communication does not represent an offer or solicitation to buy or sell securities. Such an offer must be made via definitive legal documentation by the buyer or seller of securities, please check the SEC rules before buying shares from any stock-suppliers.
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