Returns Since Last Private Round (as of December 31, 2025)
This bar chart displays returns since the last private round for software companies as of December 31, 2025. Figma and CoreWeave generated positive returns of 61% and 52%, whereas Navan saw the lowest return at (54%), with an overall median return of (10%).
| Label | Value shown on the chart |
|---|---|
| Figma | 61% |
| CoreWeave | 52% |
| Gloo | (5%) |
| Netskope | (14%) |
| Hinge Health | (40%) |
| Navan | (54%) |
Shown as a preview with credit and a link to the original. Publishers can request removal.
View the original on meritech.substack.com
