Pre-IPO & Private Shares
Marketplaces for shares in late-stage private companies.
What this category covers
Pre-IPO marketplaces broker access to shares of private companies, either directly or through SPVs. Key differences include eligibility requirements, buyer and seller fees, price transparency, transfer restrictions, rights of first refusal and whether any indicative secondary liquidity exists.
We may earn a commission if you open an account through links on this page. Our editorial analysis is independent and is never influenced by commercial partnerships. Full disclosure.
Platforms in this category (18)
| Platform | Accreditation | Typical minimum | Structure | Secondary market |
|---|---|---|---|---|
| Alto IRA | Open | Account minimums are offering-specific. Marketplace and bring-your-own-deal minimums are set by the issuer and can be substantial. | Not documented | Not documented |
| Alumni Ventures | Open | $10,000 minimum one-time investment for current Alumni Ventures fund offerings; larger commitments are accepted and current fund materials show a typical $50,000 investment. | Not documented | Not documented |
| AngelList | Accredited only | Offering-specific. The fund or deal lead sets the investor minimum; AngelList says some minimums may be as low as $1,000 and its general LP guideline is $1,000, but individual funds and deals may require more. | Not documented | Not documented |
| Equitybee | Accredited only | Single-offer minimum $10,000. The Venture Portfolio Fund lists a $100,000 minimum commitment, and the Reserved Fund is positioned for substantially larger customized deployment. | Not documented | Not documented |
| EquityZen | Accredited only | Standard single-company minimum $10,000, with selected eligible opportunities as low as $5,000. Multi-company funds start at $50,000 with limited lower slots at $20,000. Direct Share Acquisitions require materially higher minimums. | Not documented | Not documented |
| Forge Global | Accredited only | Standard direct-secondary minimum $100,000; single-company Forge fund offerings can accept indications of interest starting around $5,000 on limited, offering-specific opportunities. | Not documented | Not documented |
| FundersClub | Accredited only | Fund minimums start around $3,000 per fund in current supplied materials, but the $3,000 figure is a starting reference rather than a universal minimum; individual venture funds can require more. | Not documented | Not documented |
| Hiive | Accredited only | Standard minimum transaction $25,000 per the June 1, 2026 U.S. Form CRS. Certain private funds can impose higher minimums; there is no single universal minimum. | Not documented | Not documented |
| Linqto | Accredited only | No current actionable minimum because platform transactions are paused. Linqto's marketing pages still display a $1,000 initial minimum reference, while its posted October 2023 Form CRS states a typical SPV minimum of $10,000 that can vary or be waived. | Not documented | Not documented |
| MicroVentures | Open | Deal-specific. Selected Regulation Crowdfunding opportunities can begin around $100, while accredited-investor private placements commonly reference roughly $5,000–$15,000 and some private deals can require $25,000–$50,000 or more. No single platform minimum applies. | Not documented | Not documented |
| Moonfare | Open | No universal Moonfare minimum. Current U.S. references include roughly $75,000 for many direct private-equity fund opportunities and $25,000 for the Secondary Strategy, while individual vehicles can use different thresholds such as $125,000; offering documents control. | Not documented | Not documented |
| Netcapital | Open | Offering-specific. Netcapital publishes minimums as low as $99, and a current offering can use a different amount; $99 must not be applied as a universal minimum to every issuer. | Not documented | Not documented |
| OurCrowd | Accredited only | No universal OurCrowd minimum. Startup Select commonly uses a $10,000 per-company reference; Portfolio Select requires $50,000 to open and starts allocations at $5,000 per company; fund investments retain their own fund-specific minimums. | Not documented | Not documented |
| Republic | Open | Issuers set their own minimums. Current Republic education references a $10 low-end permitted setting and a typical minimum range of $25–$250. There is no universal platform minimum. | Not documented | Not documented |
| SoFi Invest | Open | Self-directed minimum $5. Robo Investing minimum $50. Private-market fund minimums are fund-specific, including USVC $500 and CAZ funds $2,500. | Not documented | Not documented |
| StartEngine | Open | Each campaign sets its own minimum investment; there is no universal platform minimum. The current StartEngine IRA vehicle minimum is $2,000, separate from an offering's own minimum. | Not documented | Not documented |
| UpMarket | Accredited only | Current pre-IPO pages commonly display a $50,000 reference minimum. Minimums vary by offering and $50,000 is not a universal platform minimum. | Not documented | Not documented |
| Wefunder | Open | Community Round participation is commonly marketed starting around $100, but the exact minimum is offering-specific and there is no universal platform minimum. | Not documented | Not documented |
Alto IRA
Investors who want retirement funds invested in a private asset an ordinary brokerage IRA will not custody.
- Minimum
- Account minimums are offering-specific. Marketplace and bring-your-own-deal minimums are set by the issuer and can be substantial.
- Eligibility
- Open
Alumni Ventures
Accredited investors who want a diversified venture-capital portfolio with a $10,000 entry point and can hold through company exits rather than rely on routine redemptions.
- Minimum
- $10,000 minimum one-time investment for current Alumni Ventures fund offerings; larger commitments are accepted and current fund materials show a typical $50,000 investment.
- Eligibility
- Open
AngelList
accredited investors seeking startup SPVs; accredited investors seeking venture funds; investors who want a software-driven private-market workflow; investors comfortable evaluating deal-by-deal offering documents; investors able to hold illiquid investments for years; investors who already used AngelList and want the current Meridian investor experience.
- Minimum
- Offering-specific. The fund or deal lead sets the investor minimum; AngelList says some minimums may be as low as $1,000 and its general LP guideline is $1,000, but individual funds and deals may require more.
- Eligibility
- Accredited only
Equitybee
Accredited investors seeking contractual exposure to private-company outcomes through employee option funding.
- Minimum
- Single-offer minimum $10,000. The Venture Portfolio Fund lists a $100,000 minimum commitment, and the Reserved Fund is positioned for substantially larger customized deployment.
- Eligibility
- Accredited only
EquityZen
Accredited investors wanting pre-IPO exposure at lower minimums than six-figure direct-secondary marketplaces.
- Minimum
- Standard single-company minimum $10,000, with selected eligible opportunities as low as $5,000. Multi-company funds start at $50,000 with limited lower slots at $20,000. Direct Share Acquisitions require materially higher minimums.
- Eligibility
- Accredited only
Forge Global
Accredited investors seeking direct pre-IPO share access and private-market pricing data.
- Minimum
- Standard direct-secondary minimum $100,000; single-company Forge fund offerings can accept indications of interest starting around $5,000 on limited, offering-specific opportunities.
- Eligibility
- Accredited only
FundersClub
accredited investors; investors seeking startup exposure through fund vehicles; investors who want relatively low private-fund minimums; investors comfortable with carry and management fees; investors willing to hold for many years; investors who want single-company and multi-company choices.
- Minimum
- Fund minimums start around $3,000 per fund in current supplied materials, but the $3,000 figure is a starting reference rather than a universal minimum; individual venture funds can require more.
- Eligibility
- Accredited only
Hiive
Accredited investors seeking late-stage private-company exposure and shareholders seeking secondary liquidity.
- Minimum
- Standard minimum transaction $25,000 per the June 1, 2026 U.S. Form CRS. Certain private funds can impose higher minimums; there is no single universal minimum.
- Eligibility
- Accredited only
Linqto
Existing customers monitoring positions and readers researching the platform's historical structure and the ongoing Chapter 11 process.
- Minimum
- No current actionable minimum because platform transactions are paused. Linqto's marketing pages still display a $1,000 initial minimum reference, while its posted October 2023 Form CRS states a typical SPV minimum of $10,000 that can vary or be waived.
- Eligibility
- Accredited only
MicroVentures
non-accredited investors seeking eligible startup crowdfunding; accredited investors seeking private placements; investors seeking lower startup minimums in selected Reg CF deals; investors interested in private-company secondary transactions; investors willing to accept long holding periods; investors comfortable evaluating deal-specific fees and offering documents.
- Minimum
- Deal-specific. Selected Regulation Crowdfunding opportunities can begin around $100, while accredited-investor private placements commonly reference roughly $5,000–$15,000 and some private deals can require $25,000–$50,000 or more. No single platform minimum applies.
- Eligibility
- Open
Moonfare
Accredited or otherwise qualifying high-net-worth investors seeking institutional private-equity fund and secondary-market access below typical GP minimums who can meet product-specific commitments, handle capital calls and hold investments for many years.
- Minimum
- No universal Moonfare minimum. Current U.S. references include roughly $75,000 for many direct private-equity fund opportunities and $25,000 for the Secondary Strategy, while individual vehicles can use different thresholds such as $125,000; offering documents control.
- Eligibility
- Open
Netcapital
Non-accredited investors seeking startup access; accredited investors seeking private-company offerings; investors starting around $100; investors willing to evaluate issuer financials and Form C filings; investors comfortable holding illiquid securities; investors who want direct private-company exposure rather than a venture fund.
- Minimum
- Offering-specific. Netcapital publishes minimums as low as $99, and a current offering can use a different amount; $99 must not be applied as a universal minimum to every issuer.
- Eligibility
- Open
OurCrowd
accredited investors seeking global startup exposure; investors seeking Israeli and international private companies; investors who want individual startup selection; investors who also want venture funds or other private alternatives; investors with enough capital to diversify across multiple private deals; users willing to accept multi-year illiquidity.
- Minimum
- No universal OurCrowd minimum. Startup Select commonly uses a $10,000 per-company reference; Portfolio Select requires $50,000 to open and starts allocations at $5,000 per company; fund investments retain their own fund-specific minimums.
- Eligibility
- Accredited only
Republic
Investors who want startup access at relatively low minimums and accredited investors who also want later-stage private-market structures within one ecosystem.
- Minimum
- Issuers set their own minimums. Current Republic education references a $10 low-end permitted setting and a typical minimum range of $25–$250. There is no universal platform minimum.
- Eligibility
- Open
SoFi Invest
Investors who want brokerage and robo investing in one ecosystem, alongside IPO, crypto and private-market access.
- Minimum
- Self-directed minimum $5. Robo Investing minimum $50. Private-market fund minimums are fund-specific, including USVC $500 and CAZ funds $2,500.
- Eligibility
- Open
StartEngine
Investors who want both primary startup crowdfunding access and potential secondary-market infrastructure for eligible private securities.
- Minimum
- Each campaign sets its own minimum investment; there is no universal platform minimum. The current StartEngine IRA vehicle minimum is $2,000, separate from an offering's own minimum.
- Eligibility
- Open
UpMarket
Accredited investors seeking multiple alternative-asset categories in one place who can meet $50,000+ pre-IPO commitments.
- Minimum
- Current pre-IPO pages commonly display a $50,000 reference minimum. Minimums vary by offering and $50,000 is not a universal platform minimum.
- Eligibility
- Accredited only
Wefunder
Investors who want relatively small startup allocations through Community Rounds, and accredited investors using private rounds or syndicates.
- Minimum
- Community Round participation is commonly marketed starting around $100, but the exact minimum is offering-specific and there is no universal platform minimum.
- Eligibility
- Open