SoFi IPO | FinTech | Founded: 2011 | Funding to Date: $3.28B

Social Finance (“SoFi”) was founded in 2011 by Mike Cagney, Ian Brady, James Finnigan, and Dan Macklin. In April 2019, SoFi CEO Anthony Noto stated in an interview with Yahoo! Finance that “an IPO is not a priority at this point.” These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

SoFi is an online finance company and student loan servicer. The company has raised over $2.4 billion in Venture Capital funding from investors including Manhattan Venture Partners, Qatar Investment Authority, G Squared, GGV Capital, SharesPost, SoftBank, Silver Lake Management, IVP, Peter Thiel, Baseline Ventures, DCM Ventures, and RPM Ventures. Per company press releases, SoFi last raised $500 million in May 2019 at a post-money valuation of $4.8 billion.

Date of Last Funding Round May 2019
Value at Last Round $4.81 B
Amount of Last Raise $500 MM
Total Funding to Date $2.4 B

ENTERPRISE VALUE (based on primary fundings)

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Mutual Funds holding SoFi

  • The Hartford Capital Appreciation Fund - January 2019

  • Hartford Capital Appreciation HLS Fund - December 2018

  • The Hartford Growth Opportunities Fund - April 2017

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SoFi, a financial services platform, has entered into a definitive agreement with Social Capital Hedosophia Holdings Corp. V (“SCH”) (NYSE: IPOE), a publicly traded special purpose acquisition company founded by CEO Chamath Palihapitiya, to bring a major consumer-focused financial technology business to the public markets


Online lending startup Social Finance Inc (SoFi) is nearing a deal to go public through a merger with Social Capital Hedosophia Holdings Corp V, a blank-check acquisition company led by venture capital investor Chamath Palihapitiya, people familiar with the matter said Thursday. The deal would value SoFi at more than $6 billion and could be announced in the coming days, the sources said, cautioning that the talks could still collapse and the terms could be changed.


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