Private Market View

Fal

Software Development Applications · San Francisco, CA · Founded 2021 · Privately Held (backing)

PA Mark · $/share
$85
Sep 2026
Implied valuation
$8.0B
Total raised
$337.5M
Last round
Later Stage VC (Series D)
Dec 2025
What is Fal worth?
$8.0Bimplied by the PA Mark · Sep 2026

Fal last raised $140.5M in its Later Stage VC (Series D) (Dec 2025).

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Valuation timeline

6 marks · Jul 2022 – Sep 2026
Seed Round4 roundsPA Mark
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Funding history

6 rounds
DateRoundRaisedPost-money
Dec 2025Later Stage VC (Series D)$140.5M
Aug 2025Later Stage VC (Series C)$125.0M
Feb 2025Early Stage VC (Series B)$49.0M
Apr 2024Early Stage VC (Series A)$14.0M
Jul 2022Seed Round$9.0M
Apr 2021Seed Round

How Fal'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 Fal, we compose those signals into the PA Mark — a weighted composite of 1 recent pricing inputs, decayed by age and reset on new rounds. The implied valuation multiplies the mark by shares outstanding. Full methodology →

Frequently asked

What is Fal worth?
Fal's implied valuation is $8.0B, based on the PA Mark composite price of about $85 per share as of Sep 2026.
How much has Fal raised?
Fal has raised $337.5M in total funding across 6 recorded rounds.
When did Fal last raise?
Fal last raised in Dec 2025 (Later Stage VC (Series D)), raising $140.5M.