/Investor DB

Employee Stock Option Fund

Venture debtActively deploying

San Mateo · Late Stage · 20 people tracked

Also known as ESO MANAGEMENT SERVICES LLC

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Investment thesis

ESO Fund specializes in employee equity funding, providing non-recourse capital so tech employees can exercise stock options without out-of-pocket cost or personal liability. If the company fails to reach a liquidity event, the client owes nothing; if it succeeds, ESO shares in the upside while the client retains potential gains. The firm also offers liquidity solutions for those holding vested shares or RSUs, letting them access cash before an IPO while keeping future upside. Operating since 2012, ESO positions itself as a long-term partner aligned with employees, having worked with staff at over 700 companies through a streamlined, transparent diligence and funding process.

Source: firm website, verified Sep 29, 2026.

Stage
Late Stage
HQ
San Mateo, US
Leads rounds
Follows
Instruments
Debt
Founded
2012
AUM
$410.6M
Tracked investments
6

Team · 20 people

from the firm's website & public directories

What they invest in

from 6 of 6 portfolio companies

SaaS ×5Enterprise Software ×3Consumer ×2Fintech ×2Logistics & Supply Chain ×2Advanced Manufacturing ×1AgTech ×1AI & Machine Learning ×1

HQs:United States×5Canada×1

Investments · 6 tracked

founders shown can be your intro path
Dexgetdex.cominSeed

Dex is a relationship management tool that provides an intuitive, modern rolodex for organizing and maintaining personal and professional contacts.

ConsumerSaaSSan Francisco, US

Kevin Sun(Founder at Dex (YC S19))inHarry Uglow(Founder)Kevin Gu(Founder)inLambros Petrou(Founder)Paddy Lambros(Founder)Regina Lin(Founder)in

Co-investorsAmino CapitalY CombinatorA16Z SpeedrunNotion CapitalTapas CapitalTrung Nguyen

Nabisnabis.cominSeed

Nabis is a cannabis wholesale platform that supplies branded products to dispensaries across California, New York, and Nevada.

AgTechB2B MarketplacesEnterprise SoftwareFintechLogistics & Supply ChainMarketplacesSaaSSan Francisco, US

Vince Ning(Founder)inJun S. Lee(Co-CEO and Co-Founder)inVince C. Ning(Co-founder)inTing Hu(Director of Finance)inJun Lee(Founder)Vince Ning Jun Lee(Founder)

Co-investorsAngel Collective Opportunity FundArtemis Growth PartnersBabel VenturesDelta Emerald VenturesEmles Venture PartnersFJ Labs+17 more

Rutterrutter.comin𝕏Seed · Feb 2022

Rutter provides a Unified API that enables B2B SaaS companies to integrate business data and financial system connections into their products.

AI & Machine LearningData & InfrastructureDeveloper ToolsEnterprise SoftwareFintechSaaSNew York City, US

Eric Yu(Co-Founder, CTO)inPeter Zhou(Co-Founder, CEO)inJay Patel(Software Engineer)inTaishi Nojima(Senior Software Engineer)inAbhi SivaprasadDanny Keller(Head of Engineering)

Co-investorsAndreessen HorowitzCapital 49Fjor FoundersHaystackMantis CapitalPioneer+12 more

Switchboardonswitchboard.comin𝕏Seed

Switchboard is a fleet management platform that helps transportation fleets manage compliance with DOT and NSC regulations through electronic logging devices (ELD) and real-time driver safety analytics.

Enterprise SoftwareLogistics & Supply ChainSaaSVancouver, CA

Michael Ip(Founder)inSagar Malhi

Co-investorsJude GomilaMAGIC FundSoma CapitalUtopian VenturesY CombinatorAgrolimen Ventures+11 more

Wrenwren.coin𝕏Seed · Jan 2022

Wren provides a carbon footprint calculator and monthly carbon offset services for individual users.

Advanced ManufacturingCleantechClimate TechImpact & Social GoodSaaSSan Francisco, US

Benjamin Stanfield(Founder)inMimi Tran Zambetti(Founder)inLandon Brand(Founder)in

Co-investorsLifeforce CapitalLocalGlobeStartXUnion Square Ventures (USV)Y CombinatorAdjacent Ventures Llc+2 more

ZBioticszbiotics.comin𝕏Seed

Z Biotic develops genetically engineered probiotics designed to improve daily health and wellbeing.

BiotechConsumerHealthtechWellness & FitnessSan Francisco, US

Stephen Lamb(Founder)inZack Abbott(CEO)Zachary Abbott(Founder)inLouise Qi(Chief of Staff)Melissa Hines(Director of People Ops)Geneva Alewine(Recruiting Coordinator)

Co-investorsAble PartnersBabel VenturesChampion Hill VenturesFJ LabsFundamental VenturesGoat Rodeo Capital+18 more

Frequently asked questions

How many investments has Employee Stock Option Fund made?
Employee Stock Option Fund has 6 tracked investments.
What stage does Employee Stock Option Fund invest at?
Employee Stock Option Fund invests at the Late Stage stage.
What sectors does Employee Stock Option Fund focus on?
Employee Stock Option Fund focuses on Fintech.
Where is Employee Stock Option Fund located?
Employee Stock Option Fund is headquartered in San Mateo, US.
Does Employee Stock Option Fund lead rounds?
Employee Stock Option Fund typically participates in rounds rather than leading them.

From the blog

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Recent posts explain ESO Fund's non-recourse funding products for exercising stock options (covering costs and taxes) and for accessing pre-IPO liquidity from RSUs, plus an educational guide on stock option types, taxation, exercise timing, and exit strategies. AI summary

Images

Employee Stock Option Fund photoEmployee Stock Option Fund photo

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