The hottest IPOs expected in 2020/2021

Despite the fact that many journalists last year wrote about the decline in interest in a public offering by investors, it can hardly be said that (IPO) market is dead. No doubt that 2019 was a difficult year for investors and very stressful, but all this does not mean that the process of IPO will be a *gloomed* beyond.

It's time to reThink your opinion about IPO right?

IPOs 2015–2019

So far this year, we have seen some high-profile late-stage startups hitting the stock markets including Uber [UBER], Lyft [LYFT], Livongo [LVGO], DataDog [DDOG], Beyond Meat [BYND], Bill [Bill], CloudStrike [CRWD], Cloudflare [NET] and Pinterest [PINS]. We are definitely not done yet, there are still more interesting public listings that are likely to take place next year.

As the year 2019 has been very harsh, painful, and darkness on the IPO scene and has caused many IPOs to return to homes just after days of their IPO listing on the market. The year 2020 could prove very favorable for the IPO market and there is a lot of optimism in the 2020 IPO market as there are some of the most amazing IPOs waiting to be listed on the markets.

This post contains list of all companies that have been analyzed for potential IPOs, cumulatively, I spent over 150 hours to make the right listing and be sure that this information is correct. The content was collected from various open sources, approved by companies, and does not provide any one-stop recommendation for the purchase of shares.

For low internet connection:

👉 PART 1 👉 PART 2 👉 PART 3

👉 PART 4 👉 PART 5 👉 PART 6

👉 PART 7 👉 PART 8

Coursera

• Founded Date — 2012 (HQ, Mountain View, CA)
• Founders — Andrew Ng, Daphne Koller

Funding traction, total raised ~$480M

• Series A — 2012 at val. n/a, $.096 pps
• Series B — 2013 at val. $360M, $4.9 pps
• Series C — 2015 at val. $405M, $5.09 pps
• Series D/D1–2017 at val. ~$800M, $7.5 pps
• Series E — 2019 at val. ~$1.3B, $12 pps
• Series F — 2020, at val. ~$2.5B, $17 pps (source)

Gitlab

• Founded Date — 2011 (HQ, SF, CA)
• Founders — Dmitriy Zaporozhets, Sid Sijbrandij

Funding traction, total raised ~$436M + secure deals

• Series A — 2015+ follow up at val. $8.7M, $0.36 pps
• Series B — 2016 at val. $53M (post-money), $0.95 pps
• Series C — 2017 at val. $200M, $1.79 pps
• Series D — 2018 at val. $1.1B (post-money), $8.67 pps
• Series E — 2019 at val. $2.8B, $18.63 pps

At GitLab, Sid Sijbrandij already has a date set: November 18, 2020 (source)

Asana

• Founded Date — 2009 (HQ, SF, Ca)
• Founders — Dustin Moskovitz, Justin Rosenstein

Funding traction, total raised ~$214M + $200M (debt) + secure deals

• Series A — 2009 at val. $66M, $0.50 pps
• Series B/B1–2012 at val. $310M, $2.7 pps
• Series C/C1–2016 at val. $600M, $4.26 pps
• Series D/D1–2018 at val. $920M, $5.23 pps
• Series E — 2018 at val. $1.5B (post-money), $8.19 pps (source)

—

• Projecting 66% revenue growth this year

• Generated $142 million in revenue last year

• $12 million cash burn in Q2

Update — Software maker Aana is said to pick NYSE for DPO

UiPath

• Founded Date — 2005 (HQ, NY)
• Founders — Daniel Dines, Marius Tirca

Funding traction, total raised ~$1.22B

• Series A1-A2 at val. $140M (post-money), $0.03 (A1) $0.31 (A2) pps
• Series B — 2018 at val. $1.4B (post-money), $2.70 pps
• Series C — 2018 at val. $3.4B (post-money), $6.38 pps
• Series D — 2019 at val. $7.1 B, $13.12 pps
• Series E — 2020 at val. $10.2 B, $18.59 pps (source)

DoorDash

• Founded Date — 2013 (HQ, SF, CA)
• Founders — Tony Xu, Andy Fang, Evan Moore, Stanley Tang

Funding traction, total raised ~$2.42B + secure deals

• Series A-A1–2013 at val. $69M, $0.75 (A) and $3.63 (A1) pps
• Series B — 2015 at val. $600M, $28.39 pps
• Series C — 2016 at val. $700M, $23.94 pps
• Series D — 2018 at val. $1.4B (post-money), $27.53 pps
• Series E — 2018 at val. $3.8B (post-money, $69.23 pps
• Series F — 2019 at val. $7.1B (post-money), $112.38 pps
• Series G — 2019 at val. $12.6B, $189.70 pps
• Series H — 2020 at val. $16B (post-money), $229.53 pps

DoorDash quotes — “IPOs that could happen soon, cannot happen soon enough (source)”

SpaceX

• Founded Date — 2002 (HQ, LA, CA)
• Founders — Elon Musk

Funding traction, total raised ~$4.5B + secure deals

• Series A — 2002 at val. $71M, $1 pps
• Series B — 2005 at val. $160M, $2 pps
• Series C — 2007 at val. $300M, $3 pps
• Series D — 2008 at val. $420M, $3.88 pps
• Series E — 2009 at val. $550M, $4.50 pps
• Series F — 2010 at val. $970M, $7.50 pps
• Tender deal at val. $15B, $96.42 pps
• Series H +follow up — 2017 at val. $21B, $135 pps
• Series I — 2018 at val. $27B, $169 pps
• Series J — 2018 at val. $31B, $186 pps
• Series K — 2019 at val. $33B, $204 pps
• Series L — 2019 at val. $35B, $214 pps
• Series M — 2020 at val. $37B, $220 pps
• Series N — 2020 at val. $44B, ~$270 pps (source)
• Series N-1–2020 at val. $46B, $276 pps (source)

DataBricks

• Founded Date — 2013 (HQ, SF, CA)
• Founders — Ali Ghodsi, Andy Konwinski, Ion Stoica, Matei Zaharia, Patrick Wendell, Reynold Xin, Scott Shenker

Funding traction, total raised ~$897M + secure deals

• Series A — 2013 at val. $50M, $0.78 pps
• Series B — 2014 at val. $240M, $3.35 pps
• Series C — 2016 at val. $510M, $5.90 pps
• Series D — 2017 at val. $940M, $8.38 pps
• Series E — 2019 at val. $2.7B, $21.29 pps
• Series F — 2019 at val. $6.2B, $42.95 pps (source)

Instacart

• Founded Date — 2012 (HQ, SF, CA)
• Founders — Apoorva Mehta, Brandon Leonardo, Max Mullen

Funding traction, total raised ~$2.17B + secure deals

• 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)

McAfee

• Founded Date — 1987 (HQ, Santa Clara, CA)
• Founders — John McAfee, Petko Stoyanov, Ravi Kannan

Funding traction — n/a

Zeus Kerravala, principal analyst at ZK Research, said the CEO hire signals McAfee wants to sell rather than go public. If they hired Peter Leav they are setting up to sell. He’s done a tremendous job of completely revamping the structure of his last two companies and making them more operationally efficient. If they wanted to IPO, they would have hired somebody who was more of a visionary. With Peter, he’s an operations machine. There may be nobody better at it than him. If they want to sell, he’s certainly a good fit.

Poshmark

• Founded Date — 2011 (HQ, Redwood City, CA)
• Founders — Chetan Pungaliya, Gautam Golwala, Manish Chandra, Tracy Sun

Funding traction, total raised ~$153M + secure deals

• Series A — 2011 at val. $10M, $0.37 pps
• Series B/B1–2012 at val. $50M (post-money), $1.37 and $1.59 pps
• Series C/C1–2015 at val. $165M (post-money), $2.6 pps
• Series D — 2017 at val. $625M (post-money), $8.37 pps

In September 2019 Poshmark decided to Delay IPO until 2020 (source).

Based on the latest news from Poshmark before the pandemic effect, the company had every chance of reaching the public market, ref. — Poshmark surpasses 100M resale transactions in February 2020.

Exabeam

• Founded Date — 2013 (HQ, SF, CA)
• Founders — Domingo Mihovilovic, Nir Polak, Sylvain Gil

Funding traction, total raised ~$193M + secure deals

• Series A — 2013 at val. $7.1M (post-money), $0.375 pps
• Series A1–2014 at val. $31M, $1.09 pps
• Series B — 2015 at val. $130M, $3.24 pps
• Series C — 2017 at val. $270M, $5.57 pps
• Series D — 2018 at val. $560M, $9.66 pps
• Series E — 2019 at val. $820M, $12.63 pps

Robinhood

• Founded Date — 2013 (HQ, SF, CA)
• Founders — Baiju Bhatt, Vlad Tenev

Funding traction, total raised ~$1.7B

• Series A — 2014 at val. $66M, $0.20 pps
• Series B — 2015 at val. $270M, $0.64 pps
• Series C — 2017 at val. $1.31B, $2.51 pps
• Series D — 2018 at val. $5.61B, $10.15 pps
• Series E — 2019 at val. $7.6B, $12.48 pps
• Series F — 2020 at val. $8.6B, $12.50 pps (source)
• Series G — 2020 at val. $11.2B (source)

JFrog

• Founded Date — 2008 (HQ, SF, CA)
• Founders — Fred Simon, Shlomi Ben Haim, Yoav Landman

Funding traction, total raised ~$227M + secure deals

For a number of reasons, pps&valuation information cannot be disclosed.

• JFrog announced that trying to hire banks for 2020 IPO
• The company’s executives have begun talks with investment bankers in New York to pick an underwriter for the potential IPO, which could value the business at $1.5 billion

JFrog Ltd — S-1 IPO Investment Prospectus

DarkTrace

• Founded Date — 2013 (HQ, SF CA and Cambridge UK)
• Founders — Dave Palmer, Emily Orton, Jack Stockdale, Nicole Eagan, Poppy Gustafsson

Funding traction, total raised ~$239M + secure deals

• Series A — 2015 at val. $73M, $53.71 pps
• Series B — 2015 at val. $120M, $70.42 pps
• Series C — 2016 at val. $220M, $116.85 pps
• Series C1–2016 at val. $390M, $189.83 pps
• Series D — 2017 at val. $810M, $373 pps
• Series E — 2018 at val. $1.6B, $716.48 pps

Darktrace primed for huge IPO (source, source 2)

Cambridge-based cyber security world leader Darktrace continues to work towards an IPO — possibly in the US and UK — next year after growing its market capitalisation to more than $2B.

Coinbase

• Founded Date — 2012 (HQ, SF, CA)
• Founders — Brian Armstrong, Fred Ehrsam

Funding traction, total raised ~$547M+ secure deals

• Series A — 2013 at val. $23M, $0.20 pps
• Series B — 2013 at val. $150M, $1 pps
• Series C — 2014 at val. $500M, $2.76 pps
• Series C1–2016 at val. $510M, $2.76 pps
• Series D — 2017 at val. $1.6B, $8.25 pps
• Series E — 2018 at val. ~$8B, $36.19 pps

Coinbase reported to consider late 2020, early 2021 public debut (source)

Airbnb

• Founded Date — 2008 (HQ, SF, CA)
• Founders — Brian Chesky, Joe Gebbia, Nathan Blecharczyk

Funding traction, total raised ~$5.4B + secure deals

• Series A — 2010 at val. $78M, $0.42 pps
• Series B — 2011 at val. $1.3B, $6.62 pps
• Series C — 2012 at val. $2.8B, $11.79 pps
• Series D — 2014 at val. $10B, $40.71 pps
• Series E — 2015 at val. $26B, $93.09 pps
• Series F — 2016 at val. $31B, $105 pps
• Series F-1–2016 at val. $31B, $105 pps
• PE round — 2020 at val. $18B

Airbnb plans to confidentially file for IPO in August (source)

Affirm

• Founded Date — 2012 (HQ, SF, CA)
• Founders — Jeffrey Kaditz, Max Levchin, Nathan Gettings

Funding traction, total raised ~$763M + secure deals

• Series A — 2012 at val. $11M, $0.35 pps
• Series B — 2013 at val. $81M, $1.31 pps
• Series C — 2015 at val. $400M, $5.28 pps
• Series D — 2016 at val. $720M, $6.17 pps
• Series E — 2017 at val. $1.6B, $11.34 pps
• Series F — 2019 at val. $2.9B, $13.18 pps

The Affirm, a well-known fintech unicorn, could approach the public markets at a valuation of $5 to $10 billion (source)

Reddit

• Founded Date — 2005 (HQ, SF, CA)
• Founders — Alexis Ohanian, Steve Huffman

Funding traction, total raised ~$552M + secure deals

• Series A — 2011 at val. $73 (post-money), $2.67 pps
• Series A1–2013 at val. $280M, $5.93 pps
• Series B — 2014 at val. $600M, $6.26 pps
• Series C — 2017 at val. $1.8B, $15.77 pps
• Series D — 2019 at val. $3B, $21.69 pps

In 2017 Reddit said that the company is reportedly considering an IPO (source)

In 2019 Reddit raised $150 million to $300 million to keep the front page of the internet running and IPO preparation (source)

Front

• Founded Date — 2013 (HQ, SF, CA)
• Founders — Laurent Perrin, Mathilde Collin, Thibaud Elziere

Funding traction, total raised ~$138M

• Series A — 2016 at val. $49M, $0.63 pps
• Series B — 2018 at val. $230M, $2.13 pps
• Series C — 2020 at val. $920M, $7.68 pps

The startup Front hired its first CFO Jenny Decker from Atlassian (source)

Sweetgreen

• Founded Date — 2007 (HQ, Washington, US)
• Founders — Jonathan Neman, Nathaniel Ru, Nicolas Jammet

Funding traction, total raised ~$514M + secure deals

• Series A — 2009 at val. $18M, $0.85 pps
• Series B — 2012 at val. $37M, $1.43 pps
• Series C — 2013 at val. $60M, $2.01 pps
• Series D — 2013 at val. $100M, $2.69 pps
• Series E — 2014 at val. $170M, $4.07 pps
• Series F — 2015 at val. $350M, $7.67 pps
• Series G — 2016 at val. $480M, $9 pps
• Series H — 2018 at val. $1.1B, $13.04 pps
• Series I — 2019 at val. $1.6B, $17.10

Quora

• Founded Date — 2009 (HQ, Mountain View, CA)
• Founders — Adam D’Angelo, Charlie Cheever

Funding traction, total raised ~$226M

• Series A — 2010 at val. $110M, $0.93 pps
• Series B — 2012 at val. $480M, $3.50 pps
• Series C — 2014 at val. $900m, $5.90 pps
• Series D — 2017 at val. $1.7B, $9.73 pps

Palantir

• Founded Date — 2004 (HQ, Palo Alto, CA)
• Founders — Alexander Karp, Garry Tan, Nathan Gettings, Peter Thiel, Stephen Cohen

Funding traction, total raised ~$2.79B + secure transactions

• Series B — 2006 at val. $46M, $0.06 pps
• Series C — 2008 at val. $490M, $0.58 pps
• Series D — 2009 at val. $820M, $0.80 pps
• Series E — 2011 at val. $1.7B, $1.37 pps
• Series F — 2011 at val. $2.6B, $1.98 pps
• Series G — 2012 at val. $4.4B, $3.06 pps
• Series H — 2013 at val. $5.3B, $3.51 pps
• Series I — 2013 at val. $9.9B, $6.13 pps
• Series J — 2014 at val. $15B, $8.89 pps
• Series K — 2015 at val. $21B, $11.39 pps
• Corporate Round — 2020 at unknown valuation

Palantir Plans Direct Listing for Late September (source)

ThoughtSpot

• Founded Date — 2012 (HQ, Sunnyvale, CA)
• Founders — Abhishek Rai, Abhishek Rai, Ajeet Singh, Amit Prakash, Priyendra Deshwal, Priyendra Deshwal, Sanjay Agrawal, Shashank Gupta, Vijay Ganesan

Funding traction, total raised ~$600M + secure transactions

• Series A — 2012 at val. $31M, $0.88 pps
• Series B — 2014 at val. $140M, $3.13 pps
• Series C — 2016 at val. $290M, $4.94 pps
• Series C-1–2017 at val. $440M, $5.76 pps
• Series D — 2018 at val. $880M, $9.69 pps
• Series E — 2019 at val. $2B, $13.83 pps

ThoughtSpot Names CFO As it Eyes Public Offering (source)

Intercom

• Founded Date — 2011 (HQ, SF, CA)
• Founders — Ciaran Lee, David Barrett, Des Traynor, Eoghan McCabe

Funding traction, total raised ~$291M + secure transactions

• 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

Intercom hires a CFO as it ramps toward an IPO (source)

Automation Anywhere

• Founded Date — 2003 (HQ, San Jose, CA)
• Founders — Ankur Kothari, Mihir Shukla, Neeti Mehta, Rushabh Parmani

Funding traction, total raised ~$840M + secure transactions

• Series A — 2018 at val. $1.8B, $5.48 pps
• Series A-1–2018 at val. $2.6B, $6.84 pps
• Series B — 2019 at val. $6.8B, $16.61 pps

Anduril Industries

• Founded Date — 2017 (HQ, Irvine, CA)
• Founders — Brian Schimpf, Joseph Chen, Matt Grimm, Palmer Luckey, Trae Stephens

Funding traction, total raised ~$241M + secure transactions

• Series Seed — 2017 at val. $34M, $0.55 pps
• Series A — 2018 at val. $110M, $1.17 pps
• Series B — 2019 at val. $1B, $3.61 pps
• Series C — 2020 at val. $1.9B, $5.93 pps (source)

Procore

• 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

• 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

• 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

• 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

• 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

• 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)

Compass

• Founded Date — 2012 (HQ, NY, US)
• Founders — Ori Allon, Robert Reffkin, Ugo Di Girolamo

Funding traction, total raised ~$1.6B + secure transactions

• Series A — 2013 at val. $150M, $10 pps
• Series B — 2014 at val. $370M, $20.77 pps
• Series C — 2015 at val. $800M, $40.50 pps
• Series D — 2016 at val. $1B, $42.63 pps
• Series E — 2017 at val. $1.8B, $67.48 pps
• Series E1–2018 at val. $2.2B, $67.48 pps
• Series F — 2018 at val. $4.4B, $118.57 pps
• Series G — 2019 at val. $6.4B, $154.27 pps

Real estate platform Compass raises another $370M on a $6.4B valuation en route to an IPO (source)

Hims

• Founded Date — 2017 (HQ, SF, CA)
• Founders — Andrew Dudum, Hilary Coles, Jack Abraham

Funding traction — n/a

Hims, a telehealth company that offers personal health and wellness products, is in negotiations to go public by merging with blank-check company Oaktree Acquisition, according to Bloomberg. The deal could reportedly value Hims at roughly $2 billion, with the Oaktree Capital-backed special-purpose acquisition company looking to raise $100 million to help fund the merger. Since it was established in 2017, Hims has raised just shy of $200 million from backers including 7 Global Capital and 8VC; it was valued at $1.1 billion in January 2019

Outreach

• 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

After raising big round, Outreach CEO talks post-unicorn life, IPO plans, creating culture, and more (source)

Lookout

• Founded Date — 2007 (HQ, SF, CA)
• Founders — James Burgess, John Hering, Kevin Mahaffey

Funding traction, total raised ~$282M + secure transactions

• Series A — 2008 at val. $8.5M, $0.22 pps
• Series B — 2010 at val. $48M, $0.79 pps
• Series C — 2010 at val. $130M, $1.73 pps
• Series D — 2011 at val. $330M, $3.89 pps
• Series E — 2012 at val. $770M, $7.94 pps
• Series F — 2014 at val. $1.5B, $11.42 pps
• Series F1–2014 at val. $1.7B, $11.42 pps

Ginkgo Bioworks

• Founded Date — 2008 (HQ, Boston, Massachusetts)
• Founders — Austin Che, Barry Canton, Jason Kelly, Reshma Shetty, Tom Knight

Funding traction, total raised ~$790M + secure transactions

• Series A — 2015 at val. $140M, $12.83 pps
• Series B — 2015 at val. $200M, $12.83 pps
• Series C — 2016 at val. $450M, $21.23 pps
• Series D — 2017 at val. $1.3B, $47.41 pps
• Series E — 2019 at val. $4.4B, $150.19 pps

Digital Ocean

• Founded Date — 2012 (HQ, NY)
• Founders — Alec Hartman, Ben Uretsky, Jeff Carr, Mitch Wainer, Moisey Uretsky

Funding traction, total raised ~$456M + secure transactions

• Series A — 2014 at val. $150M, $2.07 pps
• Series B — 2015 at val. $680M, $8.11 pps
• Series C — 2020 at val. $1.2B, $10.59 pps

The CEO told that “the IPO option for DigitalOcean is on the table,” going on to cite his company’s growth, growth rate, operating margins, “soon-to-be free cash flow margins” and scale as allowing the upstart “to have the conversation that this is a company that could go public.” (source)

ThredUp

• Founded Date — 2009(HQ, Oakland,CA)
• Founders — Chris Homer, Dan DeMeyere, James Reinhart, Oliver Lubin

Funding traction, total raised ~$306M + secure transactions

• Series A — 2010 at val. $5.4M, $0.2 pps
• Series B — 2011 at val. $25.45M, $0.92 pps
• Series C — 2012 at val. $60M, $1.5 pps
• Series D — 2014 at val. $113M, $2.26 pps
• Series E — 2015 at val. $412M, $6.25 pps
• Series F — 2019 at val. $666M, $6.88 pps

Online Thrift Shop ThredUp Plans IPO Early Next Year (source)

Grofers

• Founded Date — 2013 (HQ, Gurgaon, Haryana, India)
• Founders — Albinder Dhindsa, Saurabh Kumar

Total raised ~$608M + secure transactions

Funding traction — n/a

Grofers advances IPO lisiting target to 2021-end (source)

Rubrik

• Founded Date — 2014 (HQ, PA,CA)
• Founders — Arvind Jain, Arvind Nithrakashyap, Bipul Sinha, Soham Mazumdar

Funding traction, total raised ~$554M + secure transactions

• Series A — 2015 at val. $43M, $0.67 pps
• Series B — 2015 at val. $200M, $2.45 pps
• Series C — 2016 at val. $630M, $6.85 pps
• Series D — 2017 at val. $1.3B, $11.85 pps
• Series E — 2019 at val. $3.3B, $23.55 pps

Illumio

• Founded Date — 2013 (HQ, Sunnyvale,CA)
• Founders — Andrew Rubin, PJ Kirner

Funding traction, total raised ~$332M + secure transactions

• Series A — 2013 at val. $26M, $0.12 pps
• Series B — 2013 at val. $180M, $0.63 pps
• Series C — 2015 at val. $1.2B, $3.21 pps
• Series D — 2017 at val. $1.3B, $3.28 pps
• Series E — 2019 at val. $1.9B, $4.37 pps

Cybersecurity startup Illumio just raised $65 million and hired a CFO (source)

Coupang

• Founded Date — 2010 (HQ, Seoul, Seoul-t’ukpyolsi, South Korea)
• Founders — Bom Kim

Funding history, total raised ~$3.4B

The SoftBank-backed start-up, recently valued at $9 billion, is reportedly eyeing an IPO as soon as 2021 (source)

Veeam

• Founded Date — 2006 (HQ, Baar, Zug, Switzerland)
• Founders — Andrei Baronov, Ratmir Timashev

Funding history, total raised ~$500M + secure tractions

Veeam CEO talks IPO, M&A (source)

👉 PART 1 👉 PART 2 👉 PART 3

👉 PART 4 👉 PART 5 👉 PART 6

👉 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.