We're here to open the venture
secondary market.

LBXpro serves accredited individual investors, family offices and wealth managers seeking data, liquidity, or trading capabilities in the private market.

Private companies lack public price feeds, standardized disclosures, and liquid orderbooks. Investors face opaque pricing, large round sizes, and inconsistent information. The platform solves this with providing secondary metrics, company fundamentals data, and support of the brokerage workflow.

The platform offers a range of data points, synthesized biweekly, including the LBXpro price, activity scorings, and the bid/ask share within the listed volume, as well as secondary market spreads. Additionally, we supply funding history, which covers publicly announced secondary deals and tender offers, and, for select companies, data on revenue, revenue growth, and profitability. It is important to note that LBXpro prices are provided as indications and do not constitute authoritative or complete valuations.

A transaction where an existing shareholder — typically an employee, founder, angel investor, or early fund — sells their private company shares directly to a buyer. Almost always, issuer consent is required, sometimes right of first refusal (ROFR), and often, transfer restriction checks.

A structured, company-approved liquidity event where employees and existing shareholders can sell shares within a defined price range and window. The company and lead investor(s) set the price, sometimes validated with secondary market data.

A Special Purpose Vehicle is a legal entity, usually an LLC, set up to pool capital from multiple investors into a single investment. Instead of a startup adding dozens of individuals to its cap table, the SPV appears as one line item, with a lead manager overseeing the vehicle. SPVs are popular because they: - Allow smaller investors to participate in late-stage or oversubscribed rounds - Simplify administration for the company (one shareholder instead of many) - Provide flexible exposure to pre-IPO names without committing to a traditional venture fund

An investor sells their interest in a VC fund to another investor, subject to the fund’s governing documents, including applicable consent, transfer restrictions, and ongoing obligations.

A VC fund transfers its selected strongest assets into a new “continuation vehicle,” allowing: - LPs to cash out at a set price - New investors to roll forward and support a longer holding period

A stop transfer is a restriction the issuing company places in its stock ledger or transfer agent system to block any share transfer unless the company reviews and approves it. It prevents unauthorized sales, gifts, pledges, or transfers of private company shares. Companies impose stop transfer restrictions to maintain control over their cap table and protect sensitive information. Stop transfers ensure that: - No transaction occurs without company consent - Transfer restrictions in shareholder agreements are enforced - Unapproved buyers cannot enter the cap table - Securities laws, company policies, and internal compliance rules are followed Nearly every late-stage private company does. It’s a standard governance tool in venture-backed firms.

Yes — but only with explicit issuer approval. Without approval, the transfer agent will not update the cap table, making the transaction invalid.

- Buyer and seller agree on price and terms - The broker submits a transfer request package to the company - The company reviews the transaction The company either approves the transfer, instructing the transfer agent to lift the stop transfer for that specific transaction, or rejects or conditions the transfer When approved, the transfer agent updates ownership records and issues a new stock certificate or ledger entry. A stop transfer review usually takes anywhere from 2 days to 4+ weeks.

Private markets lack real-time pricing, consistent disclosures, and guaranteed liquidity. Investors rely on limited information, issuer approvals, and non-standardized transactions — all of which introduce execution, pricing, and timing risks.

Prices reflect buyer/seller sentiment — not a formal valuation. Markets can be stale, thin, or distorted by single transactions.

Private shares can be semi-liquid or illiquid, and reselling may take weeks or months — or may not be possible at all. Volume fluctuates with market cycles, company events, and buyer interest. Liquidity may disappear suddenly.

No. Private companies are not required to disclose revenue, profitability, growth metrics, audited financials, risk factors, or material events The investment decision of a secondary investor may rely on partial or outdated data.

No. Rules vary by jurisdiction. Cross-border transactions introduce additional regulatory complexity, which may affect transaction timing, structure, or completion.

No. Tax treatment is highly act-specific and depends on: holding period, residency, corporate actions, regulatory changes, whether any tax incentives or exemptions are available under applicable law (e.g., QSBS in the U.S.), whether the company qualifies for specific incentives (e.g., QSBS in the US). Investors should consult tax advisors before transacting.

Non-US citizens, accredited investors.

You can participate in the LBX Wealth App or the Web Platform through authorization, whichever is more convenient.

Download LBX Wealth from the App Store and sign up with your email. You'll be guided through identity verification and accreditation checks before getting full access.

Browsing the platform is free. There is no subscription fee for the app itself.

LBX Wealth is available on iPhone. An Android and WhatsApp experience is coming soon.

Discover pre-IPO companies, follow primary funding rounds, monitor secondary market pricing, build a watchlist, and track your private portfolio in one place.

Tap "Forgot password" on the sign-in screen and follow the instructions sent to your email. If you don't receive the email within a few minutes, check your spam folder or contact support.

Go to Account in the app. For changes to verified accreditation status, contact support.

Email leo@lbx.pro from your registered address with the subject "Account deletion request." We'll confirm and process the request in line with our privacy policy.