Private Markets Reimagined

Introducing Venture Swaps: get long and short exposure on private companies.

Mirror is a derivatives marketplace designed to help institutional investors get long and short on late stage pre-IPO companies.

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How it Works

We work with angel investors, venture capital funds, growth and private equity firms, hedge funds and other institutional asset managers to construct security-based swaps that enable them to either get long exposure into late-stage private companies, or short exposure to hedge current positions in their portfolio. We also ensure that all of our clients and market participants are able to express their net-long or net-short views in a discreet and confidential manner.

Swap Structures

Eligible Contract Participants that are existing private company shareholders can hedge risk by entering into the short-side of a Mirror Venture Swap contract along with proof of ownership in the underlying reference company shares.

Eligible Contract Participants that aren't shareholders and are interested in expressing a net-short view on a private company can do so by entering into the short-side of a Mirror Venture Swap contract along with posting cash margin.

Eligible Contract Participants that are interested in getting net-long exposure in a private company can do so by entering into the long-side of a Mirror Venture Swap contract along with posting cash margin.

Triggers in Mirror Venture Swaps are determined by liquidity events in the underlying private company which include IPOs, M&As, Bankruptcies and private market equity financing events.

Who We Are

Headquartered in San Francisco, our DNA is rooted at the intersection of financial technology and financial markets. Our mission is to build an integrated platform that connects investors with underserved markets to facilitate price discovery in traditionally opaque ecosystems. We've raised $12.8m in venture financing from investors including Battery Ventures, Crosslink Ventures, Draper Associates, Katana Capital, Route 66 Ventures, and RRE Ventures.

We're hiring technologists and capital markets specialists in San Francisco and New York. If you're interested in revolutionizing the world of private financial markets, please visit our careers page. For markets news and additional company updates, check out our research page.

Get in touch

Our services are only available to Eligible Contract Participants. If you have a general inquiry, please email team@mirror.co. For qualified purchasers, please fill out the form below and we'll get in touch shortly.

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