The exit you stopped
waiting for.
Liquidity Hub gives shareholders in European scale-ups a direct path to institutional liquidity, without waiting for an IPO.
A market that doesn't work for you.
IPOs have collapsed
Only 19 VC-backed IPOs in Europe in 2025 — the lowest in a decade. M&A exits often squeeze common shareholders last. The traditional exit path no longer works.
Your ticket is too small to matter
Institutional brokers won't touch transactions under €10M. Your position is too complex for generalist buyers and too small for the market that exists.
Your exit is still 14+ years away
On average, shareholders wait over 14 years before seeing any liquidity. Most never get a chance to sell before the company is acquired — or goes nowhere.
Our investment thesis
Newfund Secondaries I is a fund built exclusively for transactions like yours.
Company headquartered in Europe, valued between €500M and €2B, founded before 2019.
Significant US revenue, near-profitable, with a fundraising-to-revenue ratio below 2×.
A credible liquidity event within 12–36 months — M&A, buyout, or IPO.
From first message
to bank transfer.
A structured process built to handle what generalist buyers can't — ROFR waivers, board approvals, and the governance complexity of common share transactions.
Company, share class, grant date, strike price. A short form — no document uploads, no commitment required.
A clear price, in writing, within 48 business hours. You decide whether to proceed — no pressure to.
Newfund manages ROFR, board approval, and all legal documentation. You sign once. Proceeds land in your account.
Three stories we can't fully tell.
Newfund operates quietly. Sellers come to us because we close fast, write a check, and don't drag the company into a public process. The three transactions below happened. Names, geographies, and a few identifying details have been removed.
She built the team from scratch. Then left to start her own company.
Employee #5 at a unicorn-stage startup. Several million euros on paper, €2,500/month in reality — and a new pre-seed round to fund. Her former employer had no liquidity program. The CFO conversation took one call.
Seven years in. Six weeks before her options would lapse forever.
A senior engineer at a Berlin SaaS company. Exercising in full meant a six-figure cash outlay and an immediate tax event. No bank would lend against private equity at that valuation. Her advisor's first suggestion: let the options lapse.
4.2x TVPI. 0.1x DPI. LPs had stopped returning emails.
A European seed fund GP ahead of Fund III. Vintage 2017 — strong portfolio, two clear winners, nowhere near an exit. He needed to move one specific position in a company Newfund had been tracking for years.
Not sure your situation qualifies?
Let's find out.
Reach out to François directly — in 30 minutes he'll tell you whether your situation qualifies and exactly how Newfund can help you unlock the value of your shares.
Book a call →