Torpago

Burlingame, CA · Founded 2019 · Privately Held (backing)

Developer of a corporate card and expense management platform designed for banks to deliver modern and industry-leading credit experiences to their customers. Torpago is based in Burlingame, CA and was founded in 2019. It was valued at $55 million at its later-stage round in Jun 2024, the last priced event on record. It has raised $100 million across 4 recorded rounds; the latest was a $6.5 million debt round in Jun 2025.

PMV mark · valuation
$55.0M
Oct 2026
Priced at
its later-stage round
Jun 2024
Total raised
$100.2M
Last round
Debt
Jun 2025
What is Torpago worth?
$55.0MPrivateMarketView mark · Oct 2026

Valued at $55.0M at its later-stage round, Jun 2024. Nothing has traded since.

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Valuation timeline

0 priced rounds · 32 daily marks since · Sep 2026 – Oct 2026
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Markrounds hold their value until the next priced eventMark, today
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Torpago funding history

4 rounds
DateRoundRaisedPost-money
Jun 2025Debt$6.5M▮
Mar 2024Early Stage VC$5.2M▮
Feb 2023Seed Round$4.1M▮
Oct 2021Seed Round$2.5M▮
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Torpago valuation

Torpago was valued at $55 million at its later-stage round in Jun 2024. That is the last priced event on record: no secondary trade or institutional fund mark has moved the figure since.

How much has Torpago raised?

Torpago has raised $100 million in total; 4 of its rounds are on record, from 2021 on. The largest on record was a $6.5 million debt round in Jun 2025.

Torpago has filed 6 Form Ds with the SEC since 2020, most recently in Apr 2026 ($6.5 million sold to 14 investors).

How Torpago's valuation is determined

Private company valuations aren’t quoted on an exchange — they’re established in moments: a priced funding round sets a post-money valuation, secondary trades print at a price per share, and SEC-registered funds holding the stock report fair-value marks in their N-PORT filings.

For Torpago, the most current credible signal sets the number and the older ones confirm it: a live secondary-market price first, then three or more recent prints, then institutional fund marks, and otherwise the last priced round, which never decays. The valuation is the last round’s post-money moved by the price change since that round, so no share count is assumed. Today it is set by its last priced round. Question about this number? Full methodology →

Frequently asked about Torpago

What is Torpago worth?
Torpago is valued at $55.0M as of Oct 2026. Valued at $55.0M at its later-stage round, Jun 2024. Nothing has traded since.
How much has Torpago raised?
Torpago has raised $100.2M in total funding across 4 recorded rounds.
When did Torpago last raise?
Torpago last raised in Jun 2025 (Debt), raising $6.5M.