Innovative Capital Solutions
for private companies & their shareholders
Times have changed.
Building private companies takes more effort, dedication and capital than ever before. And achieving company exits by trade sale or IPO takes more than double the time that it did a decade ago. As a result, founders, executives and investors face tremendous challenges maintaining a collective focus on corporate aspirations while also pursuing their own individual return objectives.
Second Alpha Partners can help. Second Alpha crafts innovative capital solutions that allow founders, managers and investors in private companies to achieve liquidity prior to company sales or IPOs. Second Alpha buys shares and convertible securities on a secondary basis.
Founders
Management
Angels
VC & PE Funds
Corporates
Founders
Management
Angels
VC & PE Funds
Corporates
Press

Bitsight Surpasses $200 Million in ARR, Accelerating Leadership in Cyber Risk Intelligence
Bitsight, the global leader in cyber risk intelligence, today announced it has surpassed $200 million in annual recurring revenue (ARR). The milestone builds on the company’s strong close to the previous fiscal year, which included positive free cash flow, and reflects growing demand for integrated cyber risk and threat intelligence solutions.

Strava to Acquire Runna, A Leading Running Training App
Strava, the app for active people, today announced that it has entered into a definitive agreement to acquire Runna, a UK-headquartered tech company developing personalized running training plans and coaching. The acquisition unites the world’s largest fitness community with a leading app in the fiercely competitive running training space, creating compelling value for users and shareholders of both companies.

Trust & Will Secures over $25M in Series C to Expand the Nation’s Leading Estate Planning Platform
Trust & Will, the nation’s leading digital estate planning platform, today announced the successful close of its $25M+ Series C funding round. The round was led by Moderne Ventures in partnership with their financial and strategic advisor FT Partners, with participation from Northwestern Mutual Future Ventures, UBS Next, Erie Strategic Ventures, and other strategic investors.