Unqork
- 🦄Became a unicornOct 2020
- 📈Peak valuation$2 Billion ’20
- 💔Became a UnitardDec 2022
- 💸Last valuation~$440M
The rise & fall
8 moments · 2017–2026The key moments, with employee sentiment along the way.
💬 entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗; dated facts carry their source.
How it happened
Unqork, founded in New York in 2017 by former MetLife CIO Gary Hoberman, sells a no-code platform that banks, insurers and city governments use to build complex software without writing code.
After a $131M Series B led by CapitalG, it raised a $207M Series C led by funds managed by BlackRock in October 2020 at a valuation of about $2B. The company has not announced a down round, but BlackRock's marks fell steeply from 2022.
Mutual-fund filings show BlackRock's technology trusts valued their Series C shares at $5.94 in June 2026, about 78% below the split-adjusted $27.38 they carried when the round closed. Hoberman still runs the company, which launched an AI tool for building applications, UnqorkAI, in 2026.
Mutual-fund markdowns
6 funds · SEC NPORT-PHow U.S. mutual funds fair-value this still-private company in their quarterly SEC filings.
| Fund | Class | $/sh | From peak | As of |
|---|---|---|---|---|
| BlackRock Science & Technology Trust | $4.32 | -82% | Jun 2026 | |
| BlackRock Science and Technology Term Trust | $5.38 | -39% | Dec 2025 | |
| BlackRock Science and Technology Trust | $28.86 | -98% | Dec 2021 | |
| BlackRock Science and Technology Trust II | $28.86 | -98% | Dec 2021 | |
| BlackRock Science & Technology Trust II | $6.72 | -72% | Mar 2023 | |
| BlackRock Science & Technology Term Trust | $4.32 | +0% | Jun 2026 |
Source: SEC EDGAR Form NPORT-P (Level-3 fair-value marks). Per-share marks reflect the fund’s own valuation of a specific share class and aren’t a company-wide valuation. Last refreshed Oct 2026.
Source: SiliconANGLE and TechCrunch (Oct 6-7, 2020): $207M Series C led by funds and accounts managed by BlackRock at about $2B; founded 2017 by Gary Hoberman; Series B totalled $131M (CapitalG). SEC NPORT-P, BlackRock Science and Technology Trust (CIK 1616678): Series C preferred, 1,190 shares at $1,095.18 (Sept 30, 2020, round-era; 0001752724-20-247709), then 47,600 shares at $29.52 (Sept 30, 2021), a 40:1 split, so $27.38 split-adjusted; $7.81 (Dec 31, 2022); $5.94 (June 30, 2026; 0001410368-26-085689). BlackRock Science and Technology Term Trust (292,000 Series C shares) also $5.94 at June 30, 2026. Drop keyed to $5.94 vs $27.38 = 78.3% (80.6% from the $30.63 Dec 2020 high); the Series B track went to $4.32. Company has not announced a down round; the evidence is BlackRock's marks (one manager, separate trust filings).
Founder
Current roles as self-reported on LinkedIn, retrieved 2026-10-22. See our methodology.
Disclosed investors (22)
Historical funding participation; lists may be incomplete and do not establish current ownership or investor losses.
* Lead in a funding round · Crunchbase ↗ · 2026-10-22 · Methodology · Leaderboard
