Side-by-side IPO readiness, funding history, and valuation comparison. Data sourced by TechStackIPO.
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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 |
Midjourney is the self-funded AI image generation platform generating $500M+ in annual revenue with a lean team of 100 employees. Valued at $10B after a $150M Series B led by Lightspeed, Midjourney commands ~27% of the global AI image market with 21M registered users. Expanded into AI video generation in 2025 — top IPO candidate as generative AI tools disrupt the $100B+ creative software market.
| Industry | Generative AI / Creative Tools |
| Stage | Series B |
| IPO Status | Pre-IPO |
| Valuation | $10B |
| Total Funding | $150M |
| Headquarters | San Francisco, CA |
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Faire is valued at $12.4B. Midjourney is valued at $10B. 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. Midjourney is currently pre-IPO. Track both companies on TechStackIPO for S-1 filings, roadshow announcements, and IPO date updates.
Faire has raised $1.7B. Midjourney has raised $150M.
Faire operates in E-commerce, while Midjourney operates in Generative AI / Creative Tools.
Faire is a E-commerce company valued at $12.4B with $1.7B raised. Midjourney is a Generative AI / Creative Tools company valued at $10B with $150M 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 Midjourney 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.