Industry Analysis - July 14, 2020

Forge Deals Worth Knowing About

Last week we went over secondary private market platforms, specifically Forge Global. As a refresher, these platforms are specific to trading pre-IPO shares of companies that remain privately held. Often these shares come from employees or early investors wishing to trade when otherwise they could not. Examples of such companies include DoorDash and Impossible Foods, now in Series H and Series E rounds of funding respectively. 

In order to be the most comprehensive aggregator of companies in the private equity space, we wanted to bring you highlights from secondary platforms like Forge. 

Below are some of Forge’s current investment opportunities.

  • DoorDash – DoorDash is an on-demand food delivery service with shares priced at $176.19.  The company had a post-money valuation of $16B in its last raise in June 2020.
  • Ginkgo Bioworks – Ginkgo Bioworks is a synthetic biology company offering shares at $123.81. Their most recent funding round was in May 2020 at $150.19 per share with a post-money valuation of $4.47B.                         
  • Marqeta – Marqeta is a digital payment API solution based in Oakland that is offering shares at $7.01. In the most recent funding round (May 2020), the company was valued at $4.3B.
  • Couchbase – Couchbase is a Santa Clara-based cloud database company. They are offering shares at $4.21. In their most recent May 2020 funding round, the company was valued at $530M.

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.

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. 


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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