Secondary

18 stories about Secondary
ISF team

With IPOs paused, Israel Secondary Fund scales third fund to $350 million

07.11.24|Sophie Shulman
ISF expanded its third fund by $40M to purchase holdings from existing shareholders in startups, including investors, entrepreneurs, managers and employees. 
Wiz founders

$20B? $23B? What difference does it make as long as Wiz keeps the headlines rolling

25.09.24|Meir Orbach
Rejected offers and rising valuations seem to define the journey of the Israeli cyber unicorn.
אבנר סטפק יו"ר מיטב

The Triple Discount Package in the Secondary Market for Tech Companies

26.08.24|Avner Stepak
"What are sophisticated investors finding in private tech companies, and why now?" asks Avner Stepak, one of the owners of Meitav Investment House
מימין עדי ויצהנדלר מאיר שטייגמן בני זוג מייסדי וואלו Valoo

Meitav raising $100M from institutional bodies to acquire shares in tech startups

10.07.24|Sophie Shulman
The fund will utilize the secondary platform of the Israeli company Valoo to close secondary deals with early-stage investors, entrepreneurs, or former employees who are looking to sell their holdings.
מנכ"ל ארניקס רובין גילפורד מייסד JVP אראל מרגלית ומנהל IGP משה ליכטמן

Insight Partners and JVP acquire $120M worth of Earnix shares

18.06.24|Golan Hazani
The fintech company presented its first operating profit last year, with its revenues this year crossing the $100 million threshold for the first time
Wiz team

Wiz shareholders finalizing secondary deals worth hundreds of millions of dollars

21.04.24|Meir Orbach
The cyber decacorn is being valued at significantly more than the $10 billion valuation it received in its $300 million Series D last year
מוסף עצמאות מימין יפתח שולמן ו עופר בנגל רדיס לאבס

Tiger Global and Viola sell $200-300M worth of Redis shares at over $2B valuation

04.04.24|Meir Orbach
The shares were sold in a secondary transaction to Generation Investment Management and a number of existing investors
גדי מזור מנכ"ל BioCatch

Australian investment giant Macquarie acquires $32 million-worth of BioCatch shares

12.02.24|Sophie Shulman
The Israeli unicorn completed its third secondary deal in less than a year, with Sapphire Ventures and Permira Growth Opportunities purchasing $70 million and $40 million in shares, respectively, last year
Fiona Darmon Merav Weinryb

Seasoned VCs Fiona Darmon and Merav Weinryb launching new fund focused on secondary opportunities

03.08.23|Meir Orbach
Based on a recent SEC filing, Darmon and Weinryb intend to raise $100 million
Elephant Chaim Schiff

"Nobody is doing a secondary deal just because they read an article…Investors are a lot more picky now"

09.05.23|James Spiro
Elephant CEO Chaim Schiff joined CTech to discuss secondary markets and how private companies can benefit from them
Efrat Shuster

Will 2023 be the year of the secondary in high-tech?

27.12.22|Efrat Shuster
“With reasonable valuations and no need for raising new money, companies and shareholders may provide an opportunity for secondary shares sales at a more accommodating price for the buyers,” writes Efrat Shuster
מימין: השותפים בקרן ISF ג'וש שיר , דרור גלס , אווה הובשמן , שמואל שילה ו ניר לינצ'בסקי

ISF raises $312 million for 3rd secondary fund focused on Israeli high-tech market

13.06.22|Meir Orbach
Israel Secondary Fund has invested directly and indirectly in approximately 220 companies, including MyHeritage, Aidoc, WSC, Innovid, Valens, Pixellot, Verbit, Waze, Glilot, and Vertex
עובדי נקסט אינשורנס NEXT INSURANCE

Selling out? Why startup employees are dumping their options

21.02.22|Sophie Shulman
Some Israeli hi-tech employees seem to be in a hurry to unload their company options as quickly as they can, even at the cost of compromising on their startup's valuation. Could this be one of the first signs of air starting to escape from the startup bubble?
טל לב עמי איתי לחן נדב סופרמן Cloudinary

Cloudinary employees net $110 million in secondary deals at $2 billion company valuation

15.02.22|Meir Orbach
The Israeli company reached $100 million in annual recurring revenue last year with its automated, AI-powered media management platform
מורן צ'מסי

The rise in secondary deals is great news for the Israeli tech sector

24.01.22|Moran Chamsi
"Recognizing secondary-share transactions as a legitimate, worthy, and valuable process for various industry players can drive the high-tech market one step further," writes Moran Chamsi of Amplefields Investments
משה מזרחי מייסד חברת הום סקינוביישנס

Medical Aesthetic Company InMode in Talks for Secondary Offering

23.12.19|Golan Hazani
The Israel-based company listed on Nasdaq in August at a $450 million company valuation but has since reached a $1.3 billion market capitalization
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With $215 Million in Commitments, Vintage Closes Tenth Fund

06.08.17|Meir Orbach
Its latest fund brings the capital managed by Israel-based venture capital firm to around $1.5 billion