EquityBee, a Palo Alto, CA- and Tel Aviv, Israel-based provider of a startup employees’ stock options funding solution, raised $20M in Series A financing. The round, which brought total funding to more than $28m, was led by Group 11 with participation from Oren Zeev Ventures, Battery Ventures, and ICON Continuity Fund.
“As a serial entrepreneur who’s been part of the startup sphere for the last 15 years from all its aspects as an employee and a founder, I have witnessed countless colleagues and friends lose out on a significant part of their compensation because they didn’t understand the unclear stock options system, and couldn’t afford to exercise the options they worked so hard to earn. EquityBee is changing the situation and helping startup builders” says our CEO, Oren Barzilai. “2020 was a big year for tech and created a lot of interest among investors looking for alternative venues to invest in pre-IPO employee stock options. This year’s events showed the importance of employee stock options and the potential for startup builders to own their hard-earned equity and participate in the success of the company they helped build.”
The company intends to use the funds to accelerate growth, make additional hires across all departments, and expand product offerings.
Announcement: EquityBee Raises $20M in Series A