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Democratizing Access To Secondary Shares

Access should not start at $25,000.

More than 700,000 Series 7-licensed professionals are eligible to invest in private markets, yet high minimums can keep them out. Frontround is breaking that barrier with access starting at .

FINRA registration data SEC accredited-investor rules

How much growth are investors missing?

Private companies can create extraordinary value before they ever reach the public market. When access is limited, that growth is missed by the people who could have participated in it.

Anthropic

Illustrative example

+1,800%

Growth not accessed before IPO, after accounting for dilution across funding rounds.

From first check to public market.

Every company follows a different path. Explore how capital, valuation, and the investor set evolve before the opening bell.

Capital raised

Anthropic Anthropic funding history
StageGrowthValuationRaised
ABCDEFGH—+558%0%+339%+194%+219%+125%+154%$623M$4.1B$4.1B$18B$53B$169B$380B$965B$124M$580M$450M$1.3B$8.3B$13B$30B$65B

Stage 3 of 8

Series C

Typical raise

$450M

Valuation

$4.1B

Dilution
Dilution is the percentage of the company sold to new investors in exchange for their capital. Existing shareholders own a smaller percentage after the round, even though the company may be worth more.

~11.0%

Timeline

May 2023

Investment simulator

$

After dilution (estimated), at today's $965B valuation: $1.5M (146.0x, before fees). This assumes each subsequent round dilutes existing holders by its displayed estimate.

Typical investors
Spark CapitalGoogleSalesforce VenturesSound VenturesZoom Ventures

Round simulator

Model dilution and break-even growth

Adjust the five assumptions to estimate the new post-money valuation, dilution, and your potential gain.

New valuation$1.5B
Old price/share$10.00
New price/share$13.64
Dilution9.1%
Minimum growth to break even10.0%
Excess gain vs. minimum+40.0%
Gain vs. original investment+$9,091

Actual valuation growth is 50.0% from $1.0B to $1.5B. Excess gain is actual growth minus the minimum needed to offset dilution.

Available Companies

Top private companies.

Access secondary market shares in the world's most sought-after private technology companies.

OpenAI

Founded 2015

AI research company creating large language models. Developer of ChatGPT and GPT-4.

Top Investors

MicrosoftThrive CapitalKhosla Ventures
Why Frontround

Private markets,
made accessible.

01

Pre-IPO Access

Gain exposure to the world's most sought-after private companies before they go public. SpaceX, Stripe, OpenAI, and more.

02

Secondary Market Expertise

We specialize in sourcing shares from employees, early investors, and existing shareholders. Deep liquidity, competitive pricing.

03

Global Investor Network

Built for international clients. We serve qualified investors across 45+ countries with compliant, structured access to US private markets.

AB
04

Secure & Compliant

Full regulatory compliance, secure custody, and transparent reporting. Your investments are held through trusted institutional structures.

How It Works

Three steps.
Access the private markets.

Sectors & Stages

Sectors and stages
where we lead.

From pre-seed conviction bets to growth-stage follow-ons, we invest across transformative sectors.

Enterprise SaaS
Seed & Series A
AI / ML
Seed & Growth
Fintech
Seed & Series A
Developer Tools
Seed
Healthcare
Series A
Climate Tech
Seed & Series A
Cybersecurity
Series A
Data Infrastructure
Seed
Consumer
Seed & Growth
Web3
Seed
Robotics
Series A
Biotech
Series A
Enterprise SaaS
Seed & Series A
AI / ML
Seed & Growth
Fintech
Seed & Series A
Developer Tools
Seed
Healthcare
Series A
Climate Tech
Seed & Series A
Cybersecurity
Series A
Data Infrastructure
Seed
Consumer
Seed & Growth
Web3
Seed
Robotics
Series A
Biotech
Series A
Biotech
Series A
Robotics
Series A
Web3
Seed
Consumer
Seed & Growth
Data Infrastructure
Seed
Cybersecurity
Series A
Climate Tech
Seed & Series A
Healthcare
Series A
Developer Tools
Seed
Fintech
Seed & Series A
AI / ML
Seed & Growth
Enterprise SaaS
Seed & Series A
Biotech
Series A
Robotics
Series A
Web3
Seed
Consumer
Seed & Growth
Data Infrastructure
Seed
Cybersecurity
Series A
Climate Tech
Seed & Series A
Healthcare
Series A
Developer Tools
Seed
Fintech
Seed & Series A
AI / ML
Seed & Growth
Enterprise SaaS
Seed & Series A
Our Values

Principles that
guide us.

Capital is a commodity. What sets us apart is how we show up -- with conviction, transparency, and a relentless focus on founders.

IntegrityConvictionPatienceHustleTransparency

Founder First

We exist to serve founders. Every decision starts with what is best for the entrepreneur.

Long-term Partners

We invest for the long haul. No quick flips, no short-term pressure.

Transparent & Direct

Honest feedback, clear communication, and no hidden agendas. Ever.

Operator Experience

Our team has built and scaled companies. We bring pattern recognition, not just capital.

Ready to invest
in the future?

Join thousands of international investors accessing pre-IPO shares in the world's top private companies.

Resources

Understand the full picture