Collective Liquidity Extends $12M Series A Financing

Collective Liquidity, a NYC-based company providing financial tools for employees, extended its Series A to $12M.

The round was led by Aliya Capital Partners. Ross M. Kestin, Founding Partner and CEO of Aliya, will be joining the Collective Liquidity Board of Directors.

The company intends to use the funds to further scale its platform and team.

Collective 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. Employees can then 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 more than 20 leading unicorns, Collective has been rapidly growing the size of the Exchange Fund since closing its first transaction at the beginning of the year.

Collective provides investors exposure to its unique pipeline of some of the most sought after pre-IPO companies through the Collective Liquidity Fund. 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.