List of Upcoming IPOs in 2020–2021 / Part 6

• The impact of COVID-19 pandemic drove YTD deals and proceeds down year-on-year
• Technology, industrials, and health care sectors dominate with 246 IPOs raising US$42.8b
• A notable rebound of IPO activity is expected in 2H 2020

Despite pandemic-related turbulence in 2020, it has been an exciting year for new market entrants. Companies including DraftKings, Virgin Galactic, Agora, Nikola, and Lemonade have made a splash in going public this year. And given the current popularity of special purpose acquisition companies as a way to join public markets quickly, there are plenty of opportunities for other privately held companies to join the stampede in the months to come.There’s no shortage of great companies to invest in near future or Today through pre-IPO platforms.

Procore IPO (Forecast Q3/Q4 2021)

• Founded Date — 2003 (HQ, Carpinteria, CA)
• Founders — Craig Tooey Courtemanche

Funding traction, total raised ~$649M + secure transactions

• Series A — 2014 at val. $1.9M, $0.10 pps
• Series B — 2014 at val. $9M, $0.26 pps
• Series D — 2014 at val . $65M, $0.96 pps
• Series E — 2015 at val. $200M, $2.49 pps
• Series F — 2015 at val. $500M, $5.09 pps
• Series G — 2016 at val. $1B, $9.31 pps
• Series H , H1— 2019 at val. $3.2B, $26.75 pps
• Series I — 2019 at val. $4.7B , $37.87 pps
• Series I1 — 2020 at val. $5B, $37.87 pps

Procore to Postpone IPO, Raise Funds at $5 Billion Value (source)

Impossible Foods IPO (Forecast 2021)

• Founded Date — 2011 (HQ, SF, CA)
• Founders — Monte Casino, Patrick Brown

Funding traction, total raised ~$1.4BM

• Series A — 2012 at val. $16M, $1 pps
• Series A-1 —2013 at val. $18M, $0.39 pps
• Series B — 2013 at val. $130M, $1.35 pps
• Series C — 2014 at val. $260M, $2.03 pps
• Series D — 2015 at val. $700M, $4.50 pps
• Series E — 2018 at val. $2B, $10.60 pps
• Series F — 2020 at val. $3.4B, $15.42 pps
• Series G — 2020 at val. $4.2B, $16.25 pps

Beyond Meat’s Rival Impossible Foods Gains $200M More in Funding; No IPO Date Set (source)

Indigo Ag IPO (Forecast Q4 2020 or Q2 2021)

• Founded Date — 2014 (HQ, Greater Boston Area, New England)
• Founders — David Berry, Geoffrey von Maltzahn, Ignacio Martinez, Noubar Afeyan

Funding traction, total raised ~$1.2BM + secure transactions

• Series A — 2014 at val. $15M, $0.68 pps
• Series B — 2015 at val. $150M, $4.65 pps
• Series C — 2016 at val. $500M, $12.70 pps
• Series D — 2017 at val. $1.4B, $26.33 pps
• Series E — 2018 at val. $3.5B, $58.80 pps
• Series F — 2020 at val. $2.42B, $31.32 pps

Indigo Ag closes $200m financing plans to expand initiatives (source)

Toast IPO (Forecast Q3/Q4 2021)

• Founded Date — 2011 (HQ, Greater Boston Area, New England)
• Founders — Aman Narang, Jonathan Grimm, Steve Fredette

Funding traction, total raised ~$902M + secure transactions

• Series A — 2015 at val. $16M, $0.42 pps
• Series B — 2015 at val. $100M, $1.95 pps
• Series C — 2017 at val. $420M, $6.98 pps
• Series D — 2018 at val. $1.4B, $17.31 pps
• Series E — 2019 at val. $2.7B, $27.30 pps
• Series F — 2020 at val. $4.9B, $45.45 pps

Software Maker Toast Raises Funds at $4.9 Billion Valuation (source)

Rent the Runway IPO (Forecast Q4 2021 or 2022)

• Founded Date — 2009 (HQ, NY)
• Founders — Jennifer Fleiss, Jennifer Hyman

Funding traction, total raised ~$540M + secure transactions

• Series A — 2010 at val. $51M, $2.89 pps
• Series B — 2011 at val. $150M, $7.95 pps
• Series C — 2012 at val. $240M, $11.11 pps
• Series D — 2014 at val. $520M, $17.04 pps
• Series E — 2016 at val. $750M, $21.76 pps
• Series F — 2019 at val. $1B, $22.35 pps

Co-Founder gave up an operational role in the company to a board seat in 2017, as the company reportedly was eyeing an IPO

Unity IPO (Forecast Q4 2020)

• Founded Date — 2004 (HQ, SF, CA)
• Founders — David Helgason, Joachim Ante, Nicholas Francis

Funding traction, total raised ~$1.3B + secure transactions

• Series A — 2009 at val. $46M, $0.33 pps
• Series B — 2011 at val. $200M, $1.26 pps
• Series C — 2016 at val. $1.5B, $7.09 pps
• Series D — 2017 at val. $2.8B, $11.50 pps
• Series D-1–2018 at val. $3.2B, $12.08 pps
• Series E — 2019 at val. $6B, $22 pps

Unity is reportedly ramping up for an IPO as soon as this year (source)

$U — S1 Form

To be continued…

👉 PART 1 👉 PART 2 👉 PART 3

👉 PART 4 👉 PART 5 👉 PART 7

👉 PART 8

About the Author

Mr. Koch — a serial entrepreneur and late-stage investor specializing in secondary shares.

Previously: Twilio, Xiaomi, iQiyi, Tilray, Livongo, Bandwidth.

Currently: Robinhood, Grab, Toss, Coursera, Epic Games, Chime, and other companies.

Contact — here, If you are a startup building in this space — email or DM me to be included on 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.