EquityBee raises $20M to help start-up employees really manage their stock choices

by RJ Shara | Feb 22, 2021 | Startups

EquityBee, a stock option market startup, has actually raised $20 million in a Series A round of funding. Group 11 led the funding, which also included involvement from Oren Zeev Ventures, Battery Ventures and ICON Connection Fund. It brings the business’s total raised to over $28 million because its 2018 inception. EquityBee CEO and co-founder Oren […] “I have actually seen many of my colleagues and buddies work out a $500 salary boost, but entirely ignore their stock choices plan, from absence of understanding due to the entire field of start-up stock options being opaque,” said Barzilai, who also founded Tapingo, which was acquired by Grubhub in 2018 for $150 million. EquityBee provides capital to startup workers so they can purchase stock alternatives. The workers get money to cover the expense of exercising their stock alternatives and the taxes. 2020 was a great year for EquityBee, according to Barzilai, who states it grew by more than 560% the amount of cash it raised to money staff member stock alternatives. …