Sekondary tokenizes employee stock options (ESOPs) and phantom shares, providing liquidity and visualization for both employees and investors. The platform allows employees to access the value of their equity earlier and connects early-stage investors with potential buyers, creating a marketplace for startup equity. This enables startups to better attract and retain talent while offering investors new opportunities.
Funding
Funding not disclosed
Founders
Product
Problem
Startups face challenges in managing and providing liquidity for employee stock options (ESOPs) and phantom shares, which can hinder their ability to attract and retain talent. Early-stage investors also lack a transparent marketplace to connect with potential buyers, limiting opportunities for liquidity in startup equity.
Solution
Sekondary offers a platform for tokenizing employee stock options (ESOPs) and phantom shares, providing enhanced liquidity and visualization for both employees and investors. By enabling employees to access the value of their equity earlier, Sekondary helps startups improve talent acquisition and retention. The platform also creates a marketplace where early-stage investors can connect with potential buyers, fostering a more liquid and efficient market for startup equity. Cap table management, round simulations, a virtual data room, and board reporting are additional features offered through Sekondary's Capboard integration.
Target Audience
The primary target audience includes startups seeking to attract and retain talent through equity management, as well as early-stage investors looking for liquidity options in startup equity.
Features
- Tokenization of ESOPs and phantom shares for increased liquidity
- Cap table management tools for startups
- Round simulation capabilities for fundraising scenarios
- Virtual data room for secure document sharing
- Board reporting features for investor communication
- Integration with Capboard for comprehensive equity management