Collective Liquidity recently announced the closing of an extension to its Series A Preferred financing led by Aliya Capital Partners. And with the closing of the funding, the company has raised approximately $12 million in its Series A financing. The proceeds from the most recent funding will further scale the Collective platform and team.
Collective Liquidity enables employees to reduce their risk from over-concentration in a single company by exchanging shares tax-free for an interest in the Collective Exchange Fund – a diversified portfolio of leading unicorns. Then, employees can access liquidity by borrowing non-recourse against their fund interest (lender WebBank) or redeeming their interests for cash. Already providing liquidity and diversification to the employees of over 20 leading unicorns, Collective Liquidity has rapidly grown the size of the Exchange Fund since closing its first transaction at the beginning of the year.
Through the Collective Liquidity Fund, the company offers investors exposure to its unique pipeline of some of the most sought-after pre-IPO companies. And the Collective Liquidity Fund combines this access with quarterly liquidity and unmatched transparency from its publication of its Target Portfolio and a NAV updated daily.
What Aliya Capital Partners does: Aliya Capital Partners is a global investment firm with experience investing across multiple asset classes and with expertise in late-stage ventures, leading investments in more than 50 private growth companies over the past decade. And Aliya and Collective will collaborate on raising capital for the Collective Exchange Fund and in extending Collective’s relationships within the venture ecosystem.
KEY QUOTES:
“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.”
— Greg Brogger, Collective Liquidity CEO and founder
“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.”
Ross M. Kestin, Founding Partner and CEO of Aliya – who will be joining the Collective Liquidity Board of Directors
