PreIpoFunds is an independent comparison platform for private-market access. We map every route into pre-IPO companies we can verify, explain what each one costs and what you actually own, and connect readers with the providers that fit their situation.
What we are not
We are not a fund, a broker-dealer, an investment adviser or a placement agent. We do not sell securities, hold client money, or take custody of assets. Our role ends at the introduction.
How we make money
Referral and listing fees from some providers. Disclosed in full on our advertising disclosure page. Paying us changes nothing about placement, scoring or review tone.
How the Access Score works
Every provider carries a PreIpoFunds Access Score out of 5. It is our own editorial assessment, not a user rating - we do not collect user reviews, and we will not display numbers we cannot substantiate.
It is computed from four factors, each scored out of 5 and averaged, and it is fully reproducible from the data shown on each provider page: Accessibility (how wide a pool of investors can legally use it), Liquidity (how readily a position can be exited), Coverage (how many tracked pre-IPO companies we can map to it), and Transparency (whether terms and disclosures are publicly verifiable).
Read it as a measure of how accessible and transparent a route is - not whether an investment is a good idea. A high score means the platform is open, liquid and well-documented; it says nothing about whether any company on it will succeed. Paying us a referral fee has no effect on the score, and the inputs are identical for every provider.
Our editorial standard
Primary sources first. Dated facts or none. We publish gaps rather than estimates dressed as data. Read the full research methodology.
What we track
The directory covers providers across six structural categories and private companies across seven markets, with each company mapped to the specific platforms that offer a route to it.
Alongside that sit guides explaining the structures and the rules that gate them, free tools for modelling cost and eligibility, and country pages covering the rules that apply where you live.
We also track status changes, which matters more than it sounds. Companies list, get acquired, or quietly stop being accessible through any route we can verify - and a directory that does not reflect that is worse than no directory.
Why this site exists
Companies now stay private for a decade or more, funded by large late-stage rounds rather than by public offerings. By the time a listing arrives, much of the growth has already happened away from public investors.
That shift created genuine demand for pre-IPO access, and a set of routes emerged to meet it - secondary marketplaces, pooled vehicles, listed funds holding private positions. What did not emerge was a neutral place to compare them.
A comparison layer is useful precisely because the underlying market is opaque. Every fund can tell you why it is the right choice; none has any incentive to tell you about the alternatives, or about the situations where the honest answer is none of them.
What we refuse to do
Some of what shapes this site is what we have decided not to publish, and it is worth being explicit.
- We do not invent numbers. Valuations, minimums and fees are marked for verification where we cannot source them, rather than filled with a plausible figure.
- We do not fabricate social proof. No invented review counts, no random star ratings from users who do not exist. Our score is editorial, computed, and reproducible.
- We do not bury the risk. Illiquidity, dilution, information asymmetry and the real possibility of total loss appear on every page, not in a footer.
- We do not pretend everyone should invest. Where no suitable route exists for a reader, we say so. That answer earns us nothing, which is exactly why it is worth publishing.
How we handle being wrong
In a market this opaque, some of what we publish will turn out to be incomplete or out of date. Companies list without warning, providers change terms, and access appears and disappears.
Our commitment is not that we will never be wrong - it is that we correct quickly and visibly. When a tracked company lists or a provider changes its terms, the page changes.
If you find something here that is wrong, stale or misleading, tell us through the contact page. Corrections improve the directory for everyone who reads it next.
Who we are for
This site is written for people making an actual allocation decision. That shapes the tone: costs are quantified rather than glossed, eligibility is stated up front, and risk is not softened.
It is not written for people looking for confirmation. If you have decided to buy into a specific company and want reasons to feel good about it, this is the wrong site.
Risk disclosure
Pre-IPO and private securities are illiquid and speculative. You may lose the entire amount invested. There is no guarantee of an IPO or any other exit, valuations are indicative rather than transactable marks, and future rounds can dilute or reprice your stake. This page is general information, not advice about your circumstances.
The company
The site is operated by an Indian company. That is a corporate fact rather than a description of the product - the marketplace is global, and the largest section covers United States companies.
Frequently asked questions
Is PreIpoFunds a broker?
Does it cost anything?
Do you give investment advice?
How do you decide the Access Score?
Why do so many fields say 'Verify'?
Do you cover companies outside the US?
What if no provider can serve me?
About the author
Ben Sim
Founder and head of research at PreIpoFunds. Writes about private-market access, fund structures, and how retail and accredited investors actually reach pre-IPO companies. Full profile and methodology →