
Clarity operates a private-markets platform where investors and shareholders trade and raise capital in venture-backed companies.
Clarity spans both company-level and fund-level private-market trading on a single platform, covering negotiated blocks for institutions, structured liquidity programs for issuers, and resale of fund interests for limited partners. It administers the governance, documentation, and settlement those transactions require rather than leaving them to the counterparties, which matters in a market where each transfer needs issuer approval.
Its partner channel extends distribution beyond its own interface, reaching brokerages, advisors, and investment platforms that embed its APIs or offer white-labelled access. Regulated functions run through affiliated broker-dealer and investment-adviser entities, and the platform publishes company-level pricing and activity data that gives participants context for valuations.
Source: clarity.com
Clarity competes against larger and better-capitalized venues, including a rival operating as a subsidiary of a major retail brokerage and another tied to a public exchange group. It lacks the retail customer base and balance sheet that diversified financial firms can apply to the same activity, and its brand is new to customers who knew the business by its former name.
Its deal flow depends on continued access to private-company shares and on issuer cooperation for managed liquidity programs, tying volume to how long venture-backed companies remain private. Private-market transaction activity is also sensitive to the late-stage venture valuation cycle, so revenue can contract quickly when valuations reset.
Source: clarity.com
Demand for private-market liquidity has grown as companies stay private longer and employee and early-investor holdings age without a public exit. That backdrop supports secondary trading and structured liquidity programs, and it has drawn both incumbent exchanges and new entrants into the market. Fund-level secondaries have expanded alongside share-level trading as limited partners seek earlier exits from venture funds.
Clarity's spread across share trading, issuer programs, fund secondaries, and embedded partner distribution positions it across several of those demand streams rather than a single one. Its results remain tied to private-market valuations holding up and to how regulators treat trading in private-company securities, both of which shape how much activity the market can sustain.
Source: clarity.com
Clarity earns transaction fees from executing secondary trades and from running primary capital and liquidity programs for issuers. Its partner offering charges for embedded infrastructure, including execution, settlement, and market data delivered through APIs or white-label distribution, and its affiliated investment adviser earns fees on the products it manages.
Pricing is negotiated rather than published, varying with transaction size, the services a client uses, and the structure of a liquidity program. The firm does not disclose a public rate card, so effective cost depends on the negotiated terms of each engagement and on the fee arrangements of any partner platform through which a customer reaches the market.
Source: clarity.com
Clarity operates a marketplace for private-company securities, pairing secondary trading of venture-backed shares with primary capital raising and shareholder liquidity programs. Its investor-facing surface covers trading in pre-IPO shares, fund and special-purpose-vehicle interests, and company-level market data, while its issuer-facing surface handles tender offers, share buybacks, and cap-table administration for private companies.
The firm also embeds its infrastructure in partner platforms through APIs, white-label distribution, and outsourced execution and settlement, and it manages in-house investment products through a registered adviser affiliate. Participants span institutional investors, fund managers, wealth advisors, and employees holding equity in late-stage private companies.
Source: clarity.com