Forge Global Increases Series B Funding to $85M

Kelly Rodriques, CEO, Forge
Kelly Rodriques, CEO, Forge

Forge Global, Inc. (FKA Equidate Inc.), a San Francisco, CA-based marketplace for pre-IPO securities, expanded its Series B funding round by approx. $35m.

In July 2018, the company announced the raise of $50M in Series B.

The latest round was led by Munich Re.

The company, which was initially funded by leading technology investors Peter Thiel and Tim Draper, will be expanding the range of services it offers to companies, investors and strategic partners to expand access to the private markets.

Led by Kelly Rodriques, CEO, Forge Global is a trading and settlement partner for a wide range of investors in the private markets. Established in 2014, the platform allows shareholders and investors in privately held innovation firms to liquidate a portion of their shares and provides private and institutional investors access to top companies like Spotify, Lyft and 23 and Me before their IPO.
The funding builds on some milestones in the last six months, including the launch of an index tracker and accompanying fund. The Forge Tech30 Capped Index tracks the valuations of Uber, Airbnb, SpaceX, and an additional 27 of the largest U.S. private technology companies while the EQUIAM Private Tech30 Fund, based on the index, provides investors with diversified access to these companies.

To date, the company has facilitated over $1 billion in transaction volume in companies based in the US and abroad.



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