Common Trust, a San Francisco, CA-based employee ownership buyout platform that enables small business owners to access liquidity by exiting to their employees, raised $2.6m in seed funding.
The round was led by Crossbeam Venture Partners with participation from Schmidt Futures and other investors in the space.
The company intends to use the funds to expand operations and its business reach.
Founded in 2022 by Zoe Schlag and Derek Razo, Common Trust is a financing platform that supports small business owners to exit to their employees. The company equips selling owners and management to design a customized employee ownership trust, access aligned capital to finance the buyout, and implement a successful transition.
FinSMEs
11/09/2023