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Forge (company)

Forge (company)

Forge, formerly Equidate, is a company that offers a marketplace for private stock liquidation.

OverviewStructured DataIssuesContributors

Contents

OverviewFor shareholdersThe process of selling sharesTimelineTable: Funding RoundsTable: ProductsTable: AcquisitionsTable: SBIR/STTR AwardsTable: PatentsTable: Further ResourcesReferences
forgeglobal.com
Is a
Company
Company
Organization
Organization

Company attributes

Industry
Financial technology
Financial technology
Technology
Technology
Venture capital
Venture capital
Trading Platform
Trading Platform
Marketplace
Marketplace
Loading...
Financial services
Financial services
Finance
Finance
...
Location
New York
New York
San Francisco
San Francisco
8
Hong Kong
Hong Kong
8
New York City
New York City
8
Sioux Falls, South Dakota
Sioux Falls, South Dakota
8
San Mateo, California
San Mateo, California
8
B2X
B2B
B2B
CEO
Kelly Rodriques
Kelly Rodriques
7
Founder
Samvit Ramadurgam
Samvit Ramadurgam
Sohail Prasad
Sohail Prasad
Gil Silberman
Gil Silberman
Legal Name
Forge Global, Inc.
Number of Employees (Ranges)
201 – 500
Phone Number
+14158811612
+180027977548
+180024884478
+164683842748
Full Address
415 Mission St, 55th Floor, San Francisco, CA 94105, US8
120 W 45th St., Suite 2702 New York, NY 10036, US8
3050 S Delaware St., Suite 202 San Mateo, CA 95503, US8
401 East 8th Street, Suite 222 Sioux Falls, SD 57103, US8
G/F, LKF Tower LKF Tower 33 Wyndam Street, Central Hong Kong8
Investors
LUN Partners Group
LUN Partners Group
Ceyuan Ventures
Ceyuan Ventures
Oyster Ventures
Oyster Ventures
WME Ventures
WME Ventures
Ambition VC
Ambition VC
Tikhon Bernstam
Tikhon Bernstam
‌
Financial Technology Partners
‌
Operative Capital
...
Founded Date
January 2014
Total Funding Amount (USD)
307,000,000
Latest Funding Round Date
March 22, 2022
Competitors
B-Stock Solutions
B-Stock Solutions
CTO
‌
Vidya Eashwer
7
CFO
Mark Lee
Mark Lee
Also Known As
Equidate, Forge Global, Inc., Equidate, Inc., Forge Global
Latest Funding Type
Private equity
Private equity
COO
‌
Jose Cobos

Other attributes

Company Operating Status
Active
Contact Page URL
forgeglobal.com/contact...cations/
CTO of
Nick Grabowski
Nick Grabowski
Latest Funding Round Amount (USD)
68,500,000
Overview

Forge is a private securities marketplace that provides technology, data, and related services for the private market. Established in 2014, the firm assists investors and shareholders with the facilitation of liquidity in the private markets. Forge is backed by investors and global institutions like Deutsche Börse, Wells Fargo, FT Partners, Peter Thiel, and LUN Partners Group.

Through their trading, custody, data, and company solutions, Forge streamlines trading private shares, managing company-sponsored liquidity programs, and accessing data to inform private market strategy. The company helps investors purchase and sell private shares in companies around the world.

Some available companies on the platform include Bolt, Scale AI, Miso Robotics, Bluestacks, Pro.com, Altos Labs, Neurolink, OnlyFans, OpenSea, and Kong.

Forge Global (FRGE) CEO On Going Public Via SPAC Merger

For shareholders

Forge assists employees in selling their vested shares in startups. The company's standard minimum transaction size is $100,000 USD. However, there are some opportunities to sell lesser amounts. A Forge Private Market Specialist is assigned to discuss transaction sizes with shareholders. The firm supports different structures for private market investments, and the fees differ. On average, one transaction can take about fifty days from the moment Forge matches a buyer with a seller. The platform keeps both parties apprised of the timelines and the next steps.

Forge’s commission is 5 percent. However, participants may pay a higher commission if the overall dollar amount of the transaction falls below their minimum transaction amount of $100,000. The platform requires that potential buyers of shares execute non-disclosure agreements before engaging in any detailed conversations surrounding an investment opportunity. Additionally, the financial information provided to the firm by a company is shared with company consent and on a need-to-know basis.

The firm works with companies to personalize their services to meet their needs. Company solutions involve individual secondary transactions as well as structuring and managing large, formal liquidity programs. To buy unregistered securities like private company stock, a buyer must be, at minimum, an accredited investor. There is no accreditation requirement for people who want to sell unregistered securities.

Forge helps companies stay private, invest, and reward their employees with the support of private investors. The company also helps to streamline administrative tasks, allowing users to control eligibility, share price, as well as program timelines from a dashboard. Private companies can choose from a network of institutional investors to access capital.

The process of selling shares
  • Register online with Forge
  • Put in the private company whose shares you want to sell, the number of shares up for sale, and the asking price per share. A Private Market Specialist from Forge will be in touch to offer insight into the market for those shares. As a result, shareholders do not need to set a price before then.
  • The platform records interest and reaches out to its network of investors and institutions to find potential buyers.
  • When there is interest in the block of shares, the Private Market Specialist from Forge will reach out to assist in facilitating terms and a final purchase price. The terms are immediately set, and the platform works to close the transaction.

Timeline

No Timeline data yet.

Funding Rounds

Products

Acquisitions

SBIR/STTR Awards

Patents

Further Resources

Title
Author
Link
Type
Date
No Further Resources data yet.

References

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