EquityBee Lands $55 Million Series B

<p><strong>PALO ALTO<&sol;strong> &&num;8212&semi; EquityBee&comma; an employee-focused stock options funding solution&comma; has landed &dollar;55 million in new Series B funding&period; The round was led by existing investor Group 11&comma; with participation from new investors Israel-based Greenfield Partners&comma; as well as existing investors Battery Ventures&comma; Local Globe&sol;Latitude&comma; Altair and ICON&period; The investment will be used to advance development of EquityBee’s proprietary technology platform&comma; expand best-in-class product and service offerings&comma; and accelerate leadership hiring in EquityBee’s Palo Alto- and Tel Aviv-based offices<&sol;p>&NewLine;<p>Group 11 led EquityBee’s Seed and Series A rounds&semi; the Series B—raised ahead of schedule and demonstrating significant confidence in the company’s rapid and consistent growth—increases EquityBee’s total funding to &dollar;83 million&period;<&sol;p>&NewLine;<p>Through its proprietary financial technology-driven platform&comma; EquityBee provides funding to startup employees of growth stage to pre-IPO companies&period; By working with EquityBee&comma; startup employees receive capital to exercise stock options before they expire&comma; which enables them to participate in their companies’ liquidity events and actually get what they earned&period;<&sol;p>&NewLine;<p>Since 2020&comma; EquityBee has seen over 500&percnt; year over year growth in total capital raised from its Investor Network to exercise employee stock options&period; The number of employees funded through the platform has increased by over 350&percnt;&period; EquityBee&&num;8217&semi;s Investor Network&comma; including family offices&comma; funds&comma; and high net-worth individuals&comma; grew by over 430&percnt;&period;<&sol;p>&NewLine;<p>EquityBee will leverage its Series B funding to scale its offering&comma; launch additional industry-defining solutions and tools&comma; and provide risk-free financial support to help startup employees exercise their earned options in the pre-IPO and high-growth marketplace&period; &OpenCurlyDoubleQuote;With so many exit events occurring&comma; including acquisitions and SPACs&comma; the startup equity system remains inequitable&comma;” said Oren Barzilai&comma; EquityBee co-founder and CEO&period; &OpenCurlyDoubleQuote;We launched EquityBee to empower more employees to share in the success of the businesses they helped build&period; 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&period;”<&sol;p>&NewLine;<p>&&num;8220&semi;After leading EquityBee&&num;8217&semi;s Seed and Series A rounds&comma; we have witnessed the company&&num;8217&semi;s continued triple-digit growth over the past year&period; The extraordinary founding team has demonstrated a great product-market fit&comma; and their work continues to distance EquityBee as a true market leader&comma;&&num;8221&semi; said Dovi Frances&comma; Founding Partner of Group 11&period; &&num;8220&semi;EquityBee&&num;8217&semi;s industry-defining tech solutions will help millions of tech employees gain access to liquidity in a market otherwise set up against them&period; Our decision to scale our investment so soon after our previous round is an easy one&comma; and we are pleased to continue supporting the company and its unprecedented growth&period;&&num;8221&semi;<&sol;p>&NewLine;