Open marketplace
EquityZen
One of the more accessible entry points, with lower minimums and many pre-cleared listings.
Typical minimum
Often starting around $10K
Best for
Individual investors new to pre-IPO secondaries who want a lower minimum check.
About EquityZen
EquityZen built its reputation on making pre-IPO investing accessible to individual accredited investors at check sizes well below what institutional-focused platforms typically require. It was acquired by Morgan Stanley in 2025, bringing it under a major financial institution's umbrella.
Many of its listings come from employees and early investors at well-known private companies who've already cleared right-of-first-refusal issues with the company, which can mean a smoother path from commitment to closing than a fully bespoke direct deal.
How it works
Investors browse available listings by company, commit capital toward a specific listing, and typically gain economic exposure through a special-purpose vehicle (SPV) that holds the underlying shares — the standard structure for marketplace secondaries at this check size.
Because listings depend on which employees or early investors are currently looking to sell, available companies and pricing change over time; there's no guarantee any specific company you want exposure to is listed when you check.
Every platform in this directory requires accredited investor status, and every listing carries the same underlying risks: limited information rights, no board access, and illiquidity that can last years. None of this is investment advice — verify current fees, minimums, and available listings directly on the platform, and treat any specific opportunity with the same diligence you'd apply to a primary investment.