Collective Liquidity, a firm that offers financial tools to unicorn shareholders, has concluded its extended Series A financing round.
The latest funding brings the total amount raised in the Series A round to approximately $12m, with Aliya Capital Partners leading the charge.
Collective Liquidity’s primary function is to facilitate employees in reducing their risk from having an over-concentration in a single company’s shares. They can do this by swapping their shares tax-free for a stake in the Collective Exchange Fund. This fund is a diversified portfolio made up of shares from leading unicorns.
Once part of the fund, employees have the flexibility to either borrow against their fund interest through lender WebBank or exchange their interests for cash. Since its inception at the start of this year, the company has seen an uptick in its services, extending liquidity and diversification to the employees of over 20 top unicorn companies.
Apart from assisting employees, Collective Liquidity also provides investors with an opportunity to gain exposure to its distinct pipeline of highly desirable pre-IPO companies via the Collective Liquidity Fund. This fund offers the added advantage of quarterly liquidity and unparalleled transparency, which is ensured by the daily publication of its Target Portfolio and NAV.
Aliya Capital Partners, known for its investment prowess across a spectrum of asset classes and particular expertise in late-stage venture, has led investments in over 50 burgeoning private growth companies in the last ten years. Their partnership with Collective Liquidity aims to leverage both entities’ strengths, with plans to jointly raise capital for the Collective Exchange Fund and bolster Collective’s standing in the venture ecosystem.
Greg Brogger commented on the partnership, “we are very excited to be partnering with Aliya – we believe there is enormous potential in matching Collective’s unique ability to provide access to the best private growth companies with Aliya’s global investor network.”
In tandem with this collaboration, Ross M. Kestin, Founding Partner and CEO of Aliya, will be taking a seat on the Collective Liquidity Board of Directors. Mr. Kestin expressed his admiration for Collective Liquidity, noting, “we were extremely impressed by the platform and momentum the Collective team has built in such a short period of time. The strategic fit between Aliya and Collective couldn’t be stronger.”
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