P2P SHARES
AI-native infrastructure for the pre-IPO secondary market
SEED ROUND · INVESTOR OVERVIEW · AUGUST 2026
CONFIDENTIAL
THE PROBLEM
Private equity is the largest
illiquid asset class in the world
11 years
Record median time large tech companies now stay private, up from ~4 years two decades ago — trapping trillions in paper wealth.
3.5M+ holders
Unicorn employees and early investors are actively seeking pre-IPO liquidity, alongside thousands of venture firms.
Up to 5% each side
What sellers and buyers each pay in commissions just to trade a block of shares on legacy platforms.
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THE SOLUTION
P2P Shares connects shareholders
directly with buyers
Peer-to-peer, not broker-to-broker
Sellers list directly; qualified buyers transact without a middleman markup.
Compliant by design
Built-in KYC/AR, right-of-first-refusal workflows, and transfer-agent integration.
Real-time, transparent pricing
Live bid/ask on every listing instead of a single broker's take on fair value.
A TRANSACTION, END TO END
Company
Nimbus Robotics
Shares
12,500
Bid
$18.40 / sh
Escrow
Funded
Status
Cleared to close
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HOW IT WORKS
From listing to close in days, not months
1
List
Shareholder submits holdings for verification and sets an ask.
2
Verify & Match
We confirm accreditation and cap-table standing, then match against live buy interest.
3
Price & Agree
Both sides confirm price and terms inside the platform.
4
Close & Transfer
Funds move to escrow; shares transfer once the company/transfer agent signs off.
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MARKET OPPORTUNITY
A large, growing pool of shares
with nowhere to trade
$185B
Secondary Volume
Estimated annual pre-IPO secondary transaction volume across individual and institutional sellers.
$1.8T
Locked Institutional Equity
Unrealized private unicorn equity held by VC and institutional funds — roughly 75% of the global unicorn cap table.
$85T+
Buy-Side Wealth Pool
Investable wealth held by the ~25M HNWIs who anchor our buyer base, plus 18,500 global venture funds.
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THE PLATFORM
A live order book for private shares
Open Listings
Company
Bid / Ask
Shares
Status
Nimbus Robotics
$18.10 / 18.60
12,500
Verified
Solace Health
$41.20 / 42.00
3,000
Verified
Fernbridge AI
$9.85 / 10.20
40,000
In review
Cobalt Freight
$26.50 / 27.10
8,750
Verified
Verified sellers only
Every listing is matched to a confirmed cap-table position.
Live pricing
Bid/ask updates as new interest comes in — no stale quotes.
One-click accept
Buyers move straight from match to signed terms.
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BUSINESS MODEL
Three ways we monetize the market we create
PRIMARY
Transaction fees
Flat infrastructure fee of 0.10%–0.50% split between buyer and seller — up to 90% cheaper than the ~5% combined commissions legacy brokers charge.
RECURRING
Institutional data
Subscription pricing feed and cap-table analytics for funds and issuers.
ANCILLARY
Escrow float
Disclosed interest earned on funds held with our banking partner between agreement and close.
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MARKET VALIDATION
Incumbents are getting bought — the category is proven
Forge Global
$660M
ACQUIRED BY CHARLES SCHWAB
All-cash deal at $45.00/share, a ~72% premium — closed March 2, 2026.
EquityZen
~$700M
ACQUIRED BY MORGAN STANLEY
Peak private valuation; deal closed January 27, 2026 after EquityZen raised just ~$10M in VC funding.
Hiive
$780M
STILL INDEPENDENT
Valuation as of June 2026 — up from $77M in 2023, a 10x rise in under three years.
Two category leaders were acquired by major banks in Q1 2026 alone.
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GO-TO-MARKET
Three channels, one liquidity pool
Direct to shareholders
Performance marketing and referrals targeting employees and early investors at late-stage companies.
Institutional partnerships
Direct integrations with VC funds and family offices seeking portfolio liquidity.
Company liquidity programs
Official tender-offer partnerships that route through P2P Shares as the matching layer.
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Every private company deserves
a liquid market.
invest@p2pshares.com
www.p2pshares.com
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