HomeIsraelEquityBee Raises Additional $55M in Series B Funding

EquityBee Raises Additional $55M in Series B Funding

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EquityBee

EquityBee, a Palo Alto, Calif.- and Tel Aviv, Israel-based employee-focused stock options funding solution, raised $55m in Series B funding.

The round, which brought total funding to $83M, was led by existing investor Group 11, with participation from new investors Israel-based Greenfield Partners, as well as existing investors Battery Ventures, Local Globe/Latitude, Altair and ICON.

The company intends to use the funds to advance development of its proprietary technology platform, expand product and service offerings, and accelerate leadership hiring in its Palo Alto- and Tel Aviv-based offices.

Led by Oren Barzilai, co-founder and CEO, EquityBee leverages a proprietary financial technology-driven platform to provide funding to startup employees of growth stage to pre-IPO companies. By working with the company, employees receive capital to exercise stock options before they expire, which enables them to participate in their companies’ liquidity events and actually get what they earned.

Since 2020, EquityBee has seen over 500% year over year growth in total capital raised from its Investor Network to exercise employee stock options. The number of employees funded through the platform has increased by over 350%. EquityBee’s Investor Network, including family offices, funds, and high net-worth individuals, grew by over 430%.

FinSMEs

30/09/2021

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