The round was led by Rucker Park Capital, with participation from Social Leverage (who led Secfi’s Seed round), Serengeti Asset Management, Weekend Fund, Mark Pincus, Elefund, FJLabs, Mike Gupta (former CFO Docker and CFO Plenty), Jake Gibson (founder Nerdwallet), and Brian Norgard (former CPO Tinder). In conjunction with the funding, Wes Tang-Wymer, General Partner at Rucker Park Capital, joined Secfi’s board of directors.
The company intends to use the funds to further expand its product offering.
Led by Founder and CEO Wouter Witvoet, Secfi leverages technology-driven platform to provide financing to shareholders of late-stage private companies without them having to sell their shares. Customers receive capital to exercise stock options, acquire liquidity for major life events, and gain comfort around the value of their shareholdings as they await a liquidity event such as an IPO.
In addition to serving individuals, Secfi aims to work with companies to help their employees and shareholders with financing solutions.
Since launching its platform in January 2018, the company has deployed $150M worth of option exercises and shareholder financing.
FinSMEs
19/07/2019