EquityBee, a Tel Aviv, Israel-based startup employees stock options funding solution, raised $6.6M in funding.
The round was led by Group11, with participation from Battery Ventures and LocalGlobe. As part of the round, Dovi Frances, General Partner and founder of Group11, is joining EquityBee’s Board of Directors.
The company intends to use the funds to expand into the U.S. market.
Founded by Oren Barzilai, CEO, Oded Golan, CPO, and Mody Radashkovich, COO, EquityBee helps startup employees get the money they need to exercise their stock options before they expire. The platform connects employees with investors who provide them with the necessary funding they need to exercise and benefit from their employee stock options (ESO). EquityBee Investors Community includes thousands of investors from all over the world, including family offices, funds and accredited investors. The employee and the investors share a portion of any future exit gains.
In the past year alone, the company has helped hundreds of employees from more than one hundred different companies including Taboola, MyHeritage, SimilarWeb, MagicLeap, IronSource and more.