Secondary

20 stories about Secondary
Dror Glass

The line between public and private markets is blurring , and venture secondaries are at the center

27.11.25|Dror Glass
"For Israel to keep building global companies, we need to continue embracing the same liquidity infrastructure the world’s biggest institutions are now investing in," writes Dror Glass, Founding Managing Partner at Israel Secondary Fund (ISF).
עמית בן דב מנכ"ל ו אילון רשף סמנכ"ל מוצר מייסדי גונג

Gong’s valuation slips to $4.5 billion in new secondary deal talks

17.11.25|Meir Orbach
The unicorn, once valued at $7.2B, is closing on a deal following a year of rising AI-driven revenue, with Gong’s ARR reaching roughly $300 million.
אריק בנטוב מייסד ומנהל שותף בקבוצת אריאלי

How secondary deals became a core strategy in the private market

09.11.25|Eric Bentov
For many years, secondary transactions occurred behind the scenes and were available only to a limited set of private investors. Today, they have become a central strategy in the broader private market landscape.
Eva Hubsman

Beyond employee secondaries: Why LP liquidity matters for Israel’s tech ecosystem

17.09.25|Eva Hubsman
"Secondaries are no longer just about employees selling stock. Venture firms themselves are now actively selling stakes in their funds to generate liquidity for investors," writes Eva Hubsman, a Partner at Israel Secondary Fund.
Island founders

Island employees pocket over $250 million in cyber unicorn's secondary deal

16.09.25|Allon Sinai
Market sources claim that the amount ranges between $250 million and $300 million, based on a company valuation of around $5 billion.
מייסד ומנכ"ל OpenAI סם אלטמן בוועידה ב סן פרנסיסקו 2.6.25

OpenAI in talks for $500 billion valuation via secondary sale

06.08.25|Omer Kabir
The move would make it the most valuable startup in history, eclipsing SpaceX and ByteDance.
Armis founders

$750M payouts at DriveNets, Armis signal a growing liquidity trend in tech

24.07.25|Meir Orbach
When IPOs stall, secondaries let unicorns keep talent happy, and cash flowing.
 מימין מטה קומקאסט בפילדפיה עידו סוסן ו הלל קוברינסקי מייסדי דרייבנטס

AT&T buys $650M stake in DriveNets, delivering major payout to founders, employees and early backers

16.07.25|Meir Orbach
Deal lets employees and early investors cash out as DriveNets expands global telecom footprint.
CTech NY Conference Chaim Schiff

Israeli secondary market platform Elephant expands liquidity solutions

30.03.25|James Spiro
Co-Founder and CEO Chaim Schiff spoke to CTech about the platform’s plans for companies and investors.
Justin Ibex

Ibex Investors closes its first secondary fund, raising $40M to expand investments in Israel

04.12.24|James Spiro
“We believe Israel will be among the best places in the world to invest over the next 10 years,” said Justin Borus, Founder and Chief Investment Officer.
דייב וייסר מייסד ו מנכל גט GETT

Ex-Gett CEO Dave Waiser raises $46M for Accumulator to help founders navigate illiquid wealth

04.12.24|CTech
The equity pooling platform, already valued at $140M, aims to transform how founders access liquidity.
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