Nth Round, founded in 2018 and based in Philadelphia, is a “comprehensive equity management platform for companies of all stages and sizes” and can enable startups and SMEs to “manage equity, engage shareholders, and facilitate liquidity in an all-in-one secure environment” according to its website.
No one can underestimate the financial strain Covid-19 has put on startups – especially where funding is concerned. However, the services offered by Nth Round’s are perhaps more important now than ever before. Having raised USD$4.3 million in seed funding initially, Nth Round is an invaluable lifeline for companies in need of accessing their liquidity.
Nth Round’s website stresses, “we envision a time in the near future when founders, family members, investors, and key employees will be free to buy or sell their shares at any time, without worry, hassle, or prohibitive fees.” Of the range of services offered, Nth Round can provide: employee incentives, ownership transference, stakeholder management and unlocking liquidity. Free resources are also offered to “educate fledgling enterprises” on how to expand.
In June 2020, Nth Round expanded their operations and partnered with Stockton Real Estate Advisors to provide investors with real-time, 24/7 access to their investment portfolio information. Chris McConnell, Founder of Nth Round and HBS alumni said, “our one-stop-shop platform will serve to assist the Stockton team in distributing in real-time, all relevant investment-related materials, while most importantly giving Stockton the opportunity to powerfully and uniquely showcase new prospective additions to the Stockton portfolio”.
What’s more, Sean Myers, Stockton’s Head of Acquisitions and Development, added, “Powered by Nth Round, our private, proprietary program enables our investors to access financial reports, K-1’s, tax information, and periodic operating updates about the properties in which they have invested”. The investment management process can surely enhance investor’s clarity, convenience and transparency.
