Tap provides a technology‑driven marketplace for LP secondary transactions, offering real‑time and historical bid/ask/trade data, AI‑enhanced fund and company fundamentals, and a secure, searchable data‑room. Its integrated bidding engine and sell‑side advisory tools streamline the secondary process, delivering transparent pricing and improved liquidity for limited partners, general partners, and secondaries funds.
Funding
$3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Liquidity for limited partners in private market funds is limited because secondary transactions are fragmented, data‑poor, and require manual, opaque processes. This hampers investors’ ability to price assets accurately and to exit positions efficiently.
Solution
Tap offers a technology‑driven marketplace for LP secondary transactions that combines real‑time market data, AI‑enhanced fundamental data, and an integrated data‑room and bidding workflow. By aggregating bid, ask, and trade information from the largest secondary investors, the platform delivers transparent pricing and best‑execution insights. AI extracts detailed fund‑level and company‑level metrics, such as GP marks and capital structures, enabling more precise valuation. The structured data‑room supports secure multi‑party access and automated bid comparison, while the bidding engine manages multi‑round, multi‑structure offers to optimize outcomes for both sellers and buyers. This end‑to‑end solution streamlines the secondary process, reduces transaction friction, and improves liquidity for private market participants.
Target Audience
Primary users are limited partners, general partners managing private equity, venture capital, and real‑asset funds, and dedicated secondaries funds seeking efficient liquidity solutions.
Features
- Real‑time and historical bid/ask/trade data sourced from leading secondary investors
- AI‑derived fund and company fundamentals, including GP marks and capital‑structure details
- Secure, permissioned data‑room that transforms documents into searchable, structured information
- Multi‑party, multi‑round bidding platform with automated bid comparison and outcome optimization
- Integrated sell‑side advisory tools that guide users through transaction workflow and pricing strategy
- API access for seamless integration with existing portfolio management and reporting systems