Developer of a shipping platform designed to protect and track freight.
Developer of a shipping platform designed to protect and track freight.
Logistics📍 Lehi, UTFounded 2019
Current Valuation
$1.4B
as of 2024-Q2
UNICORN
QL Price
$1.1B
-22% vs last round
QuantLogix's current estimate for Route, published 2026-09-27 — below the last disclosed round of $1.4B (2024-Q2).
Confidence
medium
Basis
secondary led
What backs this price
Last disclosed round
$1.4B
2024-Q2
weight 0.21
Secondary market print
$977.2M
2026-06-27
weight 0.58
How this price has held up
No round has priced for Route since QuantLogix began publishing a price for it, so there is nothing to grade yet. The claim above is on the record from 2026-09-27 and will be graded against the next priced round. See the full accuracy record →
Which publicly-traded funds already hold it, what $10,000 buys, and whether any route is open to you.
Cite this price as QuantLogix QL Price, Route, 2026-09-27 (1d5664a406516378).
The id pins this exact claim, so a citation stays checkable after the price moves.
Model estimate for research — not a quote, target price, or investment advice.
IPO Outlookprivate
Is Route going public?
No. Route is private and has not filed to go public. There is no S-1 on file.
What is Route's valuation in 2026?
Route is valued at $1.4B as of 2024-Q2, set by its Series C ($40M, Jun 2024). That is the last confirmed mark, not a live price — private shares do not trade continuously.
Has Route filed an S-1?
No public S-1 is on file for Route.
How much has Route raised?
Route has raised $321.43M in total, most recently a Series C of $40M in Jun 2024.
Is Route publicly traded — can you buy Route stock?
No. Route is a private company — its shares are not listed on any exchange and there is no ticker. The routes to exposure are pre-IPO secondary marketplaces and funds (accredited investors), employee tender offers when the company runs one, and public companies with read-through exposure. QuantLogix maps every route it can verify for Route on its Pre-IPO Access Desk.
Answers are derived from the roster record shown on this page — filing status, last round and confirmed marks. Where the record is silent, the answer says so rather than guessing.
Company Profile
Founded
2019
HQ
Lehi, UT
Employees
230
Total Raised
$321.43M
Last Round
Series C — $40M (Jun 2024)
IPO Status
private
Fundraising Status
Series C · $40M · 2y 3mo ago
privateTotal raised $321.43M
Secondary Market
Implied price / share
$3.47
Last round price / share
$4.97
vs last round
-30.2%
Open interest
1
Last round price vs secondary price
Secondary price return by period
Implied per-share price from private secondary transactions, as of Jun 2026. This is a point estimate, not a quote — the feed carries no bid, ask or spread, and a secondary print is evidence of what someone paid on that date rather than a live market. Compare across every tracked name →
Latest Funding Round
Round
Amount
Date
Lead Investor
Post-Money
Series C
$40M
Jun 2024
—
$1.4B
Talent Signal
Hiring trend
▼ Hiring downtrend
-60% vs 2026-08
Open roles
2
via greenhouse
Product-build share
50%
engineering, research, product, design
Trajectory
tightening
product-led hiring — 50% of open roles build product; the rest are go-to-market and G&A.
Open roles trending down; no tracked executive churn.
Open roles by month
Open roles by function
■ product-building ■ go-to-market / G&A
Sr. Product Manager Manager of Sales Compensation
Counted from Route's live job board as of 2026-09-16; role functions classified from posting titles. Open-role counts are an activity signal, not headcount. Refreshed monthly.
AppsE-CommerceReal TimeShippingMobile Apps
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2024-Q2. Refreshed quarterly.