In 2025, growth-stage companies are increasingly facing challenges from outdated investor stakes, which hinder fundraising and expansion efforts as they strive for commercial maturity and substantial revenue growth. Industry estimates indicate that approximately 30 to 40 percent of these companies are impeded by ownership structures that include early investors who may no longer offer strategic value. With the secondary market witnessing a significant transaction volume of $103 billion during the first half of 2025, secondary funds are emerging as a vital resource for these companies to clean up their cap tables. By facilitating exits for early investors seeking liquidity outside of traditional IPOs or M&As, secondary transactions not only enhance transparency and alignment but also make these firms more appealing to prospective acquirers and late-stage investors.
Amplefields Investments highlights need for growth firms to clean cap tables
