TruEquity
Equity Management Platform for Early-growth Companies
Company Overview
Snapshot
Founded in January 2009 by Hagi Schwartz and Eran Palmon, TruEquity operated with 1–10 employees. The company raised $1.5 million across one disclosed funding round and was acquired by NASDAQ Private Market in July 2014.
Business overview
TruEquity develops software solutions for equity management, enabling companies to efficiently track and model shares, manage financing rounds, and calculate pre-money valuation, share price, holding percentage, and total investment. The company's platform supports convertible notes, options, and conversion at subsequent financing rounds, primarily serving the Fintech & Insurtech sector with its B2B enterprise solutions.
Strategic signal
In July 2014, TruEquity was acquired by NASDAQ Private Market, marking a significant exit for the company and validating its equity management technology within the financial market infrastructure. This acquisition signaled the strategic value of TruEquity's platform for facilitating private company share trading and management.
Company Intelligence Q&A
- What is TruEquity's primary business?
- TruEquity develops software that allows companies to track and model shares, manage financing rounds, and compute valuations. It also offers solutions for convertible notes and options.
- When was TruEquity founded?
- TruEquity was founded in January 2009.
- Who are the founders of TruEquity?
- TruEquity was co-founded by Hagi Schwartz and Eran Palmon.
- What was a significant corporate milestone for TruEquity?
- TruEquity was acquired by NASDAQ Private Market in July 2014, leading to its status as an inactive entity.
- How much capital did TruEquity raise?
- TruEquity raised $1.5 million across one disclosed funding round, prior to its acquisition by NASDAQ Private Market in July 2014.