Omada is an identity and access management company that offers cloud identity governance and related security software for regulated enterprises and government organizations. Its platform is designed to help customers manage user access, compliance, and audit requirements in cloud and private environments.
Access to pre-IPO shares is available to accredited investors through UpMarket.
Latest Price
$1.1B
Secondary Market, May 2025, Perplexity
UpMarket Estimate
$1.2B
Based on UpMarket valuation model
Previous Price
$1.7B
Series F 2021
How to Invest in Omada Through UpMarket
Omada shares are not on public exchanges. UpMarket provides accredited investors access through secondary market transactions.
Step 01
Verify accredited investor status
Confirm eligibility under SEC Rule 501 of Regulation D. Income or net worth threshold applies.
Step 02
Create an UpMarket account
Complete KYC/AML onboarding. Typically 1–2 business days. Licensed rep assigned on signup.
Step 03
Review available Omada offerings
Full offering memoranda and risk disclosures provided before any commitment is required.
Step 04
Complete subscription documents
Review and sign subscription agreement. All documents handled digitally through the platform.
Step 05
Fund your investment
Wire transfer or ACH. $50K minimum. Funds held in custodial account until close.
Pre-IPO investments are illiquid, speculative, and involve risk of total loss of capital.
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Valuation Growth Over Time
Post-money valuation by round
Previous roundsMost recent
Date
Round
PPS (split-adj.)
Valuation
May 2025
Secondary Market
$1.1B
2021
Series F
$1.7B
2019
Series E
$900M
2017
Series D
$300M
2015
Series C
$100M
Why Investors Are Watching Omada
Growth Signal
Omada says 831,000 members and ~$68M quarterly revenue
Management said Omada scaled to 831,000 members, up 53% year over year, alongside about $68 million in quarterly revenue. The same update pointed to positive adjusted EVA of $2 million, suggesting operating leverage is starting to show through.
Competitive Moat
PBM distribution and proprietary care platform deepen moat
Omada’s model is built around longitudinal, between-visit care rather than one-off telemedicine, and it uses a proprietary platform plus connected devices. The update also highlighted PBM partnerships and a GLP-1 care track serving more than 100,000 members as channels for adoption and cross-sell.
Market Opportunity
Majority buyout backs Omada's global expansion push
On April 29, 2025, Omada announced that GRO Fund III and Kirk Kapital would take a majority ownership position to support continued expansion and innovation. The company described the investment as a full exit for CVC Growth Funds and GRO Fund II and said it would accelerate its global growth strategy.
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No. As of March 2026, Omada is a private company and does not trade on any public stock exchange. Accredited investors can access Omada shares through UpMarket, a FINRA-registered broker-dealer that specializes in pre-IPO investments.
Omada does not have a public stock price because it is privately held. The most recent known share price comes from its last funding round. Pre-IPO share prices on the secondary market may differ from the last round price depending on supply, demand, and market conditions.
Yes. Accredited investors can indicate interest in Omada shares through UpMarket by filling out the form on this page or creating an account at upmarket.co. All pre-IPO offerings are subject to availability and require a $50,000 minimum investment. UpMarket is a FINRA-registered broker-dealer and has brokered alternative investments since 2019.
Pre-IPO investments carry significant risks. Omada shares are illiquid, meaning there is no public market to sell them quickly. There is no guaranteed exit timeline or return. The investment is speculative in nature, and investors should be prepared for the possibility of total loss. Valuations of private companies can fluctuate substantially between funding rounds. Investors should consult their financial advisor and review all offering documents before investing.
In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.
There are two primary exit paths for pre-IPO holdings: selling your shares on the secondary market to another buyer, or holding until the company completes an IPO or is acquired. Both paths are subject to transfer restrictions, company approval (right of first refusal), and market conditions. The timing of any exit is unpredictable, and investors should plan for a multi-year holding period.
The minimum investment for most pre-IPO offerings on UpMarket is $50,000. This amount may vary depending on the specific offering and share availability. There are no fees to create an UpMarket account or browse available investments. Investors only pay transaction-related fees when they complete an investment.
UpMarket's valuation estimate of is derived from a proprietary model that incorporates multiple data sources: funding round data (Caplight), revenue estimates (Sacra), secondary market pricing, and public company comparables. The model applies a private company discount to the public comp multiple to account for illiquidity and information asymmetry. This estimate is not investment advice and may differ substantially from the price at which shares actually trade.
Omada provides cloud identity governance and related security software for regulated enterprises and government organizations, with 831,000 members and about $68M in quarterly revenue; at a $1.2B valuation, its scale supports continued private-market interest — accredited investors can access Omada stock through UpMarket.