The Elephant Overview
The Elephant, which has been operating in the secondary market since 2015, manages a global platform that offers a portfolio of private shares in pre-IPO companies that are offered for sale by private shareholders. The value of the shares is evaluated at over $100 million, with shares in dozens of high-tech companies at advanced stages (unicorn companies at the pre-IPO stage). There are more than 2,400 listed investors from around the world who want to be exposed to these investment opportunities. The company works in collaboration with a professional ecosystem, in both the purchase and sale of the shares. The Elephant was developed by T.O.A. Private Equity Ltd.
Latest News
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Co-Founder and CEO Chaim Schiff spoke to CTech about the platform’s plans for companies and investors.
Elephant, an Israeli-owned global secondary market platform, is expanding its role in providing liquidity solutions for tech employees and investors. At the Mind the Tech conference in New York, Co-Founder and CEO Chaim Schiff highlighted the increasing demand for secondary market transactions, particularly in Israel. The company has launched liquidity programs tailored for Israeli high-tech firms, inspired by similar U.S. initiatives. These programs aim to give companies control over the liquidity process, allowing them to provide liquidity to employees in a controlled manner. The trend of companies staying private longer has increased the need for such solutions, as evidenced by the rise in the number of unicorns globally.
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How New Secondary Markets Are Helping Pre-IPO Shareholders Cash Out
The article discusses the challenges faced by employees and former employees of tech startups who hold shares in their company but cannot cash out or publicly trade them due to the companys hesitation to go public. It highlights PrivatEquity.biz, an online peer-to-peer platform based in Tel Aviv, which provides a marketplace for current and former employees to sell their shares to private and institutional investors. The platform offers guidance and support throughout the trading process. The article emphasizes the benefits of increased liquidity in secondary markets for private company shares, allowing shareholders to trade their shares and investors to cash out before an IPO or sale. The platform has gained recognition and is listed as one of the top 100 innovative companies in Europe.
Public TradingManagement Changes
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PrivatEquity CEO Sigalit Cohen On How Employees Can Cash Out On Their Stock Options, Pre-IPO
The article discusses PrivatEquity.biz, a company that aims to bridge investors interested in buying into rising tech companies with private shareholders looking to liquidate their stock. The company focuses on the secondary market, which has become more popular as venture-backed companies take longer to go public. PrivatEquity.biz provides a platform for small shareholders, such as employees and former employees, to list their shares and aggregates them for investors. The secondary market is not regulated like the public market, so investors must conduct due diligence and negotiate legal documentation. The article also mentions the importance of valuing private company shares and the challenges of selling shares in private high-tech companies. PrivatEquity.biz offers services to analyze the company whose shares are being offered and provides expertise in completing successful transactions.
InvestmentExpand
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PrivatEquity.biz to trade $30m in senior exec shares
Israeli peer-to-peer trading platform PrivatEquity.biz has secured shares for sale of close to $30 million in senior employees or former employees’ stocks in 25 leading private tech companies. The platform allows senior employees or former employees to sell their stocks in private tech companies directly to accredited investors, without the need to go through corporate management. PrivatEquity.biz aims to democratize the tech industry and provide a transparent arena for smooth transactions. The platform also allows smaller accredited investors to buy private tech companies’ shares in smaller portions, enabling them to diversify their investments and manage risk. PrivatEquity.biz has hired Zirra, BDO, and APM for analysis, research, accounting, and legal services. The platform has about 2,000 accredited investors listed and was recognized as one of the top 100 innovative companies in Europe in 2016.
InvestmentExpand
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PrivatEquity.biz to export trading platforms
PrivatEquity.biz is launching its Global Provider Program to help mature private, pre-IPO high-tech companies receive investments through local secondary market web trading platforms. The company is working to establish partnerships with financial institutions in mature hi-tech markets around the world. PrivatEquity.biz will build and jointly manage the secondary market platforms with a major financial institution in each local market. The platforms will be fully secured and compatible with local regulations and will utilize state-of-the-art fintech and blockchain technologies. The financial institution will lead marketing and business development efforts, while PrivatEquity.biz will provide technological know-how and best practices. The program aims to make the secondary market more accessible and improve the ability to finance innovation and build successful high-tech companies.
PartnersInvestment
| Sector | Fintech & Insurtech |
Funding
| Total funding | Undisclosed |
| Last funding | Undisclosed |
| Stage | Mature |
| Rounds | 0 |
| Investors | 0 |
Team Members
4
Employees: 11-50
Web & Social Links
| Website | thelephant.io/ |
Locations
Montefiore St 39, Tel Aviv, Israel
Sutherland House, 70-78 West Hendon Broadway, London NW9 7BT, UK
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