Nikkl, a Scottsdale, AZ-based minority business enterprise, raised $5M in funding.
The round was led by a group of private investors, including Heroic Ventures.
The company intends to use the funds to build its technology platform and launch its investment fund in early 2023.
Led by CEO Dan Siciliano, Nikkl is a minority business enterprise company that provides equity financing to the employees of “unicorns,” private tech companies valued at more than $1 billion. The company helps unicorn employees exercise their vested stock options, and in exchange, it participates in the equity returns generated by the shares. In this way, the company provides investors access to the equity-based returns of nearly any unicorn while also providing investors with downside protection through collateralization.
FinSMEs
09/12/2022