Total amount raised
$85.3 Millions
Latest funding date
09/01/2021
Location
Equitybee has successfully raised significant funding through multiple rounds, including a Series B round closed on September 29, 2021. The platform empowers startup employees by providing the necessary funding to exercise their stock options without any out-of-pocket costs.
With backing from notable investors such as Group 11 and LocalGlobe, Equitybee also offers accredited investors opportunities to invest in pre-IPO companies. Keep reading to explore the intricacies of Equitybee's fundraising journey and the investors supporting this innovative platform.
What Is Equitybee?
Equitybee, founded in 2018, operates in the financial services industry, specifically focusing on financial exchanges and personal finance. The company is headquartered in Palo Alto, California, and also has an office in Tel Aviv, Israel.
Founded by Arik Moav, Mody Radashkovich, Oded Golan, and Oren Barzilai, Equitybee employs between 51 and 100 people. The platform helps startup employees secure the necessary funding to exercise their stock options, connecting them with accredited investors to unlock the value of their equity.
How Much Funding Has Equitybee Raised?
- Pre-Seed Round
- Amount Raised: $1.7M
- Date: September 2018
- Lead Investors: 166 2nd Financial Services
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company's initial operations and develop the platform.
- Seed Round
- Amount Raised: $6.6M
- Date: February 2020
- Lead Investors: Group 11
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and increase market reach.
- Series A
- Amount Raised: $20M
- Date: February 2021
- Lead Investors: Group 11
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the technology infrastructure.
- Series B
- Amount Raised: $57M
- Date: September 2021
- Lead Investors: Group 11, LocalGlobe
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To advance the technology platform, expand product offerings, and accelerate leadership hiring.
Total Amount Raised: $85.3M. Current Valuation: Not publicly disclosed.
Key Investors
- Group 11
- Details: Group 11 is a venture capital firm that has been a significant investor in Equitybee, leading multiple funding rounds. The firm is known for its focus on fintech and disruptive technology startups.
- Investment Focus Areas: Fintech, disruptive technology, early-stage startups.
- Notable Investments: Tipalti, Next Insurance, HomeLight.
- LocalGlobe
- Details: LocalGlobe is a UK-based venture capital firm that invests in seed and impact-stage companies. They have been involved in Equitybee's funding rounds, supporting its growth and expansion.
- Investment Focus Areas: Seed-stage startups, impact investments, technology.
- Notable Investments: TransferWise, Zoopla, Citymapper.
- Battery Ventures
- Details: Battery Ventures is a global, technology-focused investment firm. They have participated in Equitybee's funding rounds, contributing to the company's financial backing.
- Investment Focus Areas: Software, industrial technology, consumer technology.
- Notable Investments: Glassdoor, Nutanix, Sprinklr.
- Greenfield Partners
- Details: Greenfield Partners is an Israel-based investment firm that joined Equitybee's Series B funding round. They focus on supporting innovative technology companies.
- Investment Focus Areas: Technology, innovation, growth-stage companies.
- Notable Investments: Not publicly disclosed.
- 166 2nd Financial Services
- Details: 166 2nd Financial Services is a financial services firm that led Equitybee's pre-seed funding round. They specialize in providing financial solutions to early-stage companies.
- Investment Focus Areas: Financial services, early-stage startups, fintech.
- Notable Investments: Not publicly disclosed.
What's Next for Equitybee?
Equitybee stands at the cusp of significant growth, driven by the opportunity to advance its proprietary technology platform and expand its product offerings. With $55 million raised in its Series B round, the company is well-positioned to scale its operations and enhance its services, tapping into the growing demand for employee stock option funding solutions.
Future fundraising opportunities seem promising, given the company's impressive growth metrics, including a 500% year-over-year increase in total capital raised. However, challenges such as maintaining this rapid growth rate and scaling the technology platform to meet increasing demand could pose hurdles. Attracting and retaining top leadership talent will also be crucial as Equitybee navigates its expansion.
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