Industry Analysis - January 12, 2021

Forge Deals for January 2021

At KingsCrowd, we want to continue to be the most comprehensive platform for the online private markets. This includes secondary trading platforms — specifically, Forge Global. Forge is a secondary market platform for pre-IPO companies where early investors and employees can sell their shares. As such, Forge provides yet another option for investment opportunities available to our accredited investor base.

At the end of 2020, we highlighted several Forge deals, including Convoy, Digital Ocean, and Rubrik. As we continue our coverage of these secondary market platforms, we are excited to kick-off 2021 by highlighting some active deals for the month of January.

Below are some of Forge’s current investment opportunities:

Zipline International – Based in south San Francisco, Zipline International is a medical delivery company that uses drones to get supplies to countries like Rwanda. At the last round of Series D funding, Zipline International was valued at $1.3 billion. This last round was completed in May 2019 following a Series C round in March 2018 where the company was valued at $590M. Investors include Sequoia Capital and Morado Ventures. Shares are $18.95 each.

Turo – Turo is a peer-to-peer car-sharing company based in San Francisco, California. Using mobile and online interfaces, owners can rent out their cars on the platform. In July 2019, the company closed a Series E round at a $1.1B valuation. There are 220 million shares still outstanding. Investors include August Capital and GV. Individual shares currently sit at $5.28.

Rappi – Headquartered in Bogota, Columbia, Rappi is a broad product and delivery service offering everything from groceries to clothes to drugstore medications. At its last round of Series D funding, the company was valued at $2.8B. The round was completed in May 2019 following a 2018 round in which the company was valued at $1.1B. More than 50 million shares remain outstanding. Investors include Y Combinator and SoftBank. 

We hope this serves as a jumping-off point for any of our accredited readers hoping to become more aware of the secondary market ecosystem. Additionally, we will continue to highlight Forge deals and other secondary markets as fully-comprehensive leaders in the private equity space. 

As a reminder, all offers have $100k minimums and are exclusive of a 5% transaction fee. Also, all deals in the space are limited to accredited investors.

If you’re not an accredited investor but you’re interested in selling/buying startup shares, you still have options! NetCapital and StartEngine both offer secondary platforms where investors can trade their startup shares. 

About: Olivia Strobl

Olivia comes to KingsCrowd with a background in venture capital and technology. She spent time at Glasswing Ventures, an AI-focused venture fund in Boston, before joining the KingsCrowd team. There she helped develop machine learning algorithms for the opportunity qualification of preseed and seed-stage startup companies. Prior to her time at Glasswing, Olivia worked in a lab studying the neural correlates of attention. She holds a degree in Neuroscience from Wellesley College.

View more articles by Olivia

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