This is the EquityBee pitch deck to raise a $6.6m seed round in 2020.
About
EquityBee helps startup employees get the money they need to exercise their stock options before they expire. Their platform links employees with investors to provide option-holders with the funding they need to exercise their options and unlock the value of their equity. It was founded in 2018 and is headquartered in Palo Alto, California.
One of the main appeals of working at a startup is the equity that employees get in the company, along with the hope that the stock will eventually translate into a hefty payday.
But Oren Barzilai, an entrepreneur, said many startup employees end up facing a big hurdle: They don’t have the cash to exercise their stock options.
That led Barzilai and his cofounders, Oded Golan and Mody Radashkovich, to launch EquityBee, a platform that helps connect startup employees with would-be investors who can help them exercise their stock options.
EquityBee said Tuesday that it has raised $6.6 million from investors, including Group 11 and Battery Ventures. The Israeli startup also announced that it was expanding to the US.
EquityBee has raised a total of $8.3 million from venture capital firms and individual investors, including WeWork founder Adam Neumann and Ron Gura, a former WeWork executive.
Stock options offer startup employees a chance to buy shares of their company at low prices.
But they need to have the cash to exercise those options, something that many young startup employees don’t have. In many cases, employees just walk away from those options, which could be worth a lot once the startup goes public or gets acquired, Barzilai said.
“I saw too many of my friends, colleagues, and past employees actually losing significant amounts of money because they couldn’t access the stock options,” Barzilai told Business Insider. “Other good friends just couldn’t afford the cost and today could have been very wealthy individuals, but unfortunately, they are not.”
Funding Rounds
| Announced Date | Transaction Name | Number of Investors | Money Raised | Lead Investors |
| Feb 22, 2021 | Series A – EquityBee | 6 | $20M | Group 11 |
| Feb 11, 2020 | Seed Round – EquityBee | 7 | $6.6M | Group 11 |
| Sep 12, 2018 | Pre Seed Round – EquityBee | 4 | $1.7M | Adam Neumann |
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