EquityBee raises $55 million

Palo Alto-based EquityBee closed a $55 million Series B funding round 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 has raised $83 million to date.

Founded in 2017, the employee-focused stock options funding solution, through its proprietary financial technology-driven platform, provides funding to startup employees of growth stage to pre-IPO companies. By working with EquityBee, startup 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.

“With so many exit events occurring, including acquisitions and SPACs, the startup equity system remains inequitable. We launched EquityBee to empower more employees to share in the success of the businesses they helped build. EquityBee will continue to provide them the tools required to better understand their earned options and the freedom to take part in augmenting their net-worth.” – Oren Barzilai, EquityBee co-founder and CEO.

“After leading EquityBee’s Seed and Series A rounds, we have witnessed the company’s continued triple-digit growth over the past year. The extraordinary founding team has demonstrated a great product-market fit, and their work continues to distance EquityBee as a true market leader. EquityBee’s industry-defining tech solutions will help millions of tech employees gain access to liquidity in a market otherwise set up against them. Our decision to scale our investment so soon after our previous round is an easy one, and we are pleased to continue supporting the company and its unprecedented growth.” – Dovi Frances, Founding Partner of Group 11.