Prism raises $26M Seed and Series A to loan money to startup employees against the company equity they own.

 

Prism raises $26M Seed and Series A to loan money to startup employees against the company equity they own.  Pantera Capital and Human Capital led the funding round. Prism enables startup employees to borrow money based on the equity they own at their company. These loans are secured by the equity each borrower posts as collateral and have no personal recourse. Prism focuses on companies that are in the Pre-IPO stage. The company aims to use the funding to accelerate growth and expand its operations. Prism is based in Los Angeles.