Israeli employee-focused inventory choices funding answer firm EquityBee has introduced the completion of a $55 million Sequence B financing spherical led by Group 11, with participation from Greenfield Companions, Battery Ventures, Native Globe/Latitude, Altair and ICON. This brings the corporate’s complete funding to $83 million.
The brand new funds can be used for additional growth of EquityBee’s proprietary expertise platform, growth of its product and providers, and extra hiring in its Tel Aviv and Palo Alto places of work.
Worker inventory choices matchmaker EquityBee raises $20m
EquityBee’s platform supplies funding to startup staff of progress stage to pre-IPO corporations. By working with EquityBee, startup staff obtain capital to train inventory choices earlier than they expire, which allows them to take part of their corporations’ financing occasions and obtain what they’ve earned.
Since 2020, EquityBee has seen over 500% yr over yr progress in complete capital raised from its Investor Community to train worker inventory choices. The variety of staff funded by way of the platform has elevated by over 350%. EquityBee’s Investor Community, together with household places of work, funds, and excessive net-worth people, grew by over 430%.
EquityBee was based in 2018 by CEO Oren Barzilai, CPO Oded Golan and COO Modi Radashkovich.
Barzilai stated, “With so many exit occasions occurring, together with acquisitions and SPACs, the startup fairness system stays inequitable. We launched EquityBee to empower extra staff to share within the success of the companies they helped construct. EquityBee will proceed to supply them the instruments required to raised perceive their earned choices and the liberty to participate in augmenting their net-worth.”
Revealed by Globes, Israel enterprise information – en.globes.co.il – on September 29, 2021
Copyright of Globes Writer Itonut (1983) Ltd. 2021