Secfi's $550 million raise to help employees of private companies

I don’t write directly about Secfi very much on this blog. I imagine that’s mainly due to the fact that I use this blog as personal therapy and after living and breathing Secfi 5-7 days a week, it’s a nice breath of fresh air to write about other topics.

I’ll break that trend for now as I wanted to discuss a significant milestone.

About two weeks ago, we went to the press with our $550m capital injection by Serengeti. You can read about it in the Financial Times here.

The cash was raised as a facility for us to provide more financing opportunities for employees of private companies. Having a dedicated facility allows Secfi to focus on our efforts on the important parts of the business: helping employees with their equity.

While this was just announced a couple weeks ago, we have been working with Serengeti for almost 2 years now on deals. They have been a very valuable partner and I am excited to continue to work with them to solve equity compensation for all.

This is undoubtedly a significant milestone for us as a company, but it really is just the start. We have helped thousands of people with equity compensation over the last two years, but that is barely even scratching the surface of the gigantic market of private company employees with stock options.

This may be the first large facility we raise, but if everything goes to plan, this won’t be the first. We have a massive opportunity ahead of us and I personally am looking forward to taking this head-on. Time to my head down and go to work.