✦ AI AI Company Comparison

Faire vs Twelve — IPO & Funding Comparison

Side-by-side IPO readiness, funding history, and valuation comparison. Data sourced by TechStackIPO.

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Some data on this page may be outdated. We're verifying.
Data for Faire last verified: Jul 3, 2026. Twelve: verified Jul 9, 2026.
Metric Faire Twelve
Valuation$12.4B$1.8B
Total Funding$1.7B$1.11B
IPO StatusPrivatePrivate
SectorE-commerceClimate & Energy
StageSeries HSeries C
HeadquartersSan Francisco, CABerkeley, CA
CEOMax RhodesNicholas Flanders
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Faire

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.

IndustryE-commerce
StageSeries H
IPO StatusPrivate
Valuation$12.4B
Total Funding$1.7B
HeadquartersSan Francisco, CA

Twelve

Twelve (formerly Twelve AI) uses CO2 as a raw material to create chemicals, fuels, and materials through electrochemical processes powered by renewable electricity — transforming carbon emissions into useful products. Valued at $800M with $200M raised, Twelve has commercial agreements with major airlines and chemical companies to produce sustainable aviation fuel and CO2-derived chemicals. Major energytech IPO candidate as carbon utilization and CO2 conversion becomes a $50B+ market under corporate net-zero mandates.

IndustryClimate & Energy
StageSeries C
IPO StatusPrivate
Valuation$1.8B
Total Funding$1.11B
HeadquartersBerkeley, CA

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Frequently Asked Questions

What is the Faire vs Twelve valuation in 2026? +

Faire is valued at $12.4B. Twelve is valued at $1.8B. Both figures are based on the most recent funding rounds tracked by TechStackIPO.

Which is more likely to IPO first — Faire or Twelve? +

Faire filed an S-1 in April 2026 and is actively in the IPO pipeline. Twelve is currently private. Track both companies on TechStackIPO for S-1 filings, roadshow announcements, and IPO date updates.

How much has each company raised in total funding? +

Faire has raised $1.7B. Twelve has raised $1.11B.

Are Faire and Twelve in the same sector? +

Faire operates in E-commerce, while Twelve operates in Climate & Energy.

What are the key differences between Faire and Twelve as investments? +

Faire is a E-commerce company valued at $12.4B with $1.7B raised. Twelve is a Climate & Energy company valued at $1.8B with $1.11B raised. See TechStackIPO's full side-by-side comparison for IPO readiness scores, funding timelines, and investor access options.

How can I invest in Faire or Twelve before their IPO? +

Accredited investors can access pre-IPO shares in Faire and Twelve 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.