Side-by-side IPO readiness, funding history, and valuation comparison. Data sourced by TechStackIPO.
Scores, valuations, and signals for Faire, Ledger, and 370+ companies. 5-min read every Tuesday.
Faire is the wholesale marketplace connecting 700K+ independent retailers with 100K+ emerging brands — the B2B commerce platform for the indie retail economy. Valued at $12.4B with $1.7B raised, Faire processes billions in annual GMV and is the dominant wholesale marketplace globally. IPO candidate as B2B commerce digitisation continues to disrupt traditional wholesale distribution — a $50B+ global market.
| Industry | E-commerce |
| Stage | Series H |
| IPO Status | Private |
| Valuation | $12.4B |
| Total Funding | $1.7B |
| Headquarters | San Francisco, CA |
Ledger is the cryptocurrency hardware wallet company providing self-custody solutions for Bitcoin and digital assets — the industry standard for secure crypto storage with 6M+ devices sold globally. Valued at $1.7B with $500M raised, Ledger holds 20%+ of the hardware wallet market and has expanded into the Ledger Live software platform. Major crypto IPO candidate as self-custody becomes mainstream as retail and institutional crypto adoption grows.
| Stage | Series D+ |
| IPO Status | Pre-IPO |
| Valuation | $2.1B |
| Total Funding | $618M |
Complete funding history, cap table, S-1 analysis, and investor breakdown for any company. Instant PDF download.
Or buy any single company report for $19
Faire is valued at $12.4B. Ledger is valued at $2.1B. Both figures are based on the most recent funding rounds tracked by TechStackIPO.
Faire filed an S-1 in April 2026 and is actively in the IPO pipeline. Ledger is currently pre-IPO. Track both companies on TechStackIPO for S-1 filings, roadshow announcements, and IPO date updates.
Faire has raised $1.7B. Ledger has raised $618M.
Faire operates in E-commerce, while Ledger operates in an undisclosed sector.
Faire is a E-commerce company valued at $12.4B with $1.7B raised. Ledger is a private tech company valued at $2.1B with $618M raised. See TechStackIPO's full side-by-side comparison for IPO readiness scores, funding timelines, and investor access options.
Accredited investors can access pre-IPO shares in Faire and Ledger through secondary market platforms, pre-IPO funds, and broker-dealer platforms that facilitate private company transactions. TechStackIPO's marketplace section tracks available access options for both companies. Pre-IPO investments carry higher risk and limited liquidity.