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Forge (company)

Forge (company)

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

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.

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

March 22, 2022
Forge raises a $68,500,000 private equity.
May 4, 2021
Forge raises a $150,000,000 venture round.
January 29, 2019
Forge raises a $35,000,000 series B round.
July 25, 2018
Forge raises a $50,000,000 series B round from Financial Technology Partners, Operative Capital and Panorama Point Partners.
March 1, 2017
Forge raises a $3,000,000 series A round from Peter Thiel and Tim Draper.
June 17, 2014
Forge raises a $500,000 angel round from Scott Banister.

Funding Rounds

Patents

Further Resources

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News

Title
Author
Date
Publisher
Description
Connie Loizos
June 23, 2021
TechCrunch
Sohail Prasad and Samvit Ramadurgam are cofounders who met during Y Combinator's 2012 summer batch and went on to cofound Forge, which helps accredited investors and institutions buy and sell private company shares and which most recently raised $150 million in new funding in May. Forge -- originally known as Equidate -- has taken off [...]
Research and Markets
May 27, 2021
www.prnewswire.com:443
/PRNewswire/ -- The "Custody Service Global Market Report 2021: COVID-19 Growth and Change to 2030" report has been added to ResearchAndMarkets.com's offering....
Connie Loizos
May 11, 2021
TechCrunch
Even the most casual industry observer has to be stunned at times by the pace of dealmaking right now. Not quite halfway through 2021, startups are routinely closing new rounds just months apart and sometimes seeing their valuations triple and even quadruple with every new round. Maybe they will all become trillion-dollar companies. It's more [...]
Forge Biologics
January 5, 2021
www.prnewswire.com:443
- Forge Biologics hat die IND-, IBC- und IRB-Zulassung für FBX-101 erhalten, einer Gentherapie für Patienten mit Morbus Krabbe, einer seltenen genetischen...
Jon Bitner
November 25, 2020
Digital Trends
Minecraft Forge lets you quickly install mods to a specific Minecraft profile without having to be a tech-savvy wizard. Here's how the modding software works.
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References

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