Total amount raised
$85.3 Million
Latest funding date
09/01/2021
Location
Equitybee has successfully raised funding over four rounds, with the latest being a Series B round. The platform helps startup employees unlock the value of their stock options by providing necessary funding.
Group 11 and LocalGlobe are among the recent investors backing Equitybee. Keep reading to explore the intricacies of Equitybee's fundraising journey and the investors supporting this innovative platform.
What Is Equitybee?
Equitybee is a private company based in Palo Alto, California, with an additional office in Tel Aviv, Israel. The company operates within the financial services and fintech industries, providing funding to help startup employees exercise their stock options without out-of-pocket costs.
Founded to empower startup employees and accredited investors, Equitybee has grown to employ between 51 and 100 people. The platform also offers accredited investors the chance to invest in pre-IPO companies by funding employee stock options.
How Much Funding Has Equitybee Raised?
- Pre-Seed Round
- Amount Raised: USD 1,700,000
- 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 its platform.
- Seed Round
- Amount Raised: USD 6,600,000
- 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 Round
- Amount Raised: USD 20,000,000
- Date: February 2021
- Lead Investors: Group 11
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance technology infrastructure.
- Series B Round
- Amount Raised: USD 57,000,000
- Date: September 2021
- Lead Investors: Group 11
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To advance the development of the proprietary technology platform and expand product offerings.
Total Amount Raised: USD 85,300,000. Current Valuation: Not publicly disclosed.
Key Investors
- Group 11
- Details: Group 11 is a venture capital firm known for its focus on financial technology companies. They have been a consistent lead investor in Equitybee's funding rounds.
- Investment Focus Areas: Financial technology, insurance technology, real estate technology.
- Notable Investments: Tipalti, Next Insurance, HomeLight.
- Greenfield Partners
- Details: Greenfield Partners is an Israel-based investment firm that focuses on growth-stage technology companies. They participated in Equitybee's Series B round.
- Investment Focus Areas: Technology, cybersecurity, enterprise software.
- Notable Investments: JFrog, Guardicore.
- Battery Ventures
- Details: Battery Ventures is a global investment firm that invests in technology-driven companies across various stages. They have been involved in Equitybee's funding rounds.
- Investment Focus Areas: Technology, software, e-commerce.
- Notable Investments: Glassdoor, Wayfair, Nutanix.
- Local Globe/Latitude
- Details: Local Globe/Latitude is a venture capital firm that focuses on early-stage investments in technology companies. They have supported Equitybee in its growth.
- Investment Focus Areas: Technology, fintech, consumer internet.
- Notable Investments: TransferWise, Zoopla, Citymapper.
- Altair
- Details: Altair is a venture capital firm that focuses on technology and innovation-driven companies. They have participated in Equitybee's funding rounds.
- Investment Focus Areas: Technology, innovation, startups.
- Notable Investments: Information not provided.
What's Next for Equitybee?
Equitybee stands at the cusp of significant growth, driven by the increasing demand for financial solutions that help startup employees exercise their stock options. With a total of $83 million raised, including a recent $55 million Series B round, the company is well-positioned to expand its proprietary technology platform and broaden its product offerings. This expansion aligns with industry trends that favor innovative financial services, suggesting a bright future for Equitybee.
Future fundraising opportunities seem promising, given the company's impressive 500% year-over-year growth in total capital raised and a 350% increase in the number of employees funded. These metrics indicate strong investor confidence and a potential for further rounds of funding to support continued expansion and technological advancements.
However, Equitybee may face challenges such as competition from other fintech companies and the need to navigate regulatory landscapes. Continuous innovation will be crucial to maintaining its market position and meeting the evolving needs of startup employees and investors alike.
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