QSBS Spotlight: Hightouch Series C Draws $1.2B Valuation
A weekly series where we cover recent acquisitions, capital raises, and pending IPOs that may be Qualified Small Business Stock (QSBS) tax exemption eligible, granting investors and planners insight into real world planning opportunities using QSBS rollovers.
Hightouch, the AI-enabled platform for marketers just announced an $80M Series C round led by Sapphire Ventures, with money from Iconiq Growth and Amplify Ventures, among others.
It’s amazing to see this crop of early AI unicorns that aren’t strictly running the LLM race. Hightouch is solving real pain points for marketers looking to leverage AI to better serve their clients and show customers ads and prompts that really move the needle in sales and customer experience.
Co-founders Kashish Gupta, Josh Curl, and Tejas Manohar have crafted an incredible business. For us, their journey proves the need for founders (read, innovators) to control the allocation of capital as America scales into the new world of AI.
One way that we’re working to make this a reality, is by giving founders pathways to keep more of their exit liquidity, whether from fundraises and secondary sales, or M&A transactions, via tax savings.
In Hightouch’s case, early investors and the trio of co-founders are quickly finding themselves in a position where potential gains are out-pacing the $10M exclusion cap for QSBS. Luckily, QSBS rollovers solve this problem by enabling the expansion of QSBS way beyond that $10M limit.
For more information on QSBS rollovers and how they can help to multiply the $10M QSBS exclusion limit, read more below or contact our team Program Director at brady@QSBSrollover.com, or take our rollover eligibility quiz, here.
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You could benefit from a QSBS rollover if:
You recently sold QSBS before the 5 year minimum hold period
You recently sold QSBS that you held for 5 years, but your gain exceeds $10M
You’re considering an exit in the next 1-4 years and want to think ahead about tax planning
Are an angel investor seeking flexible QSBS opportunities to help defer gains
The Vint Retail Partnership Program can be a solution for QSBS gain holders in need of a flexible, low-risk, and relatively liquid QSBS opportunity. Get in touch with our team today to learn how to partner with us and potentially save millions in gains tax from a stock sale.
Here are some of the questions we typically ask when having a first meeting with potential partners:
Did you recently sell or are you holding Qualified Small Business Stock?
When did you sell your stock?
Was this your first liquidity event?
Are you a founder, early employee, outside investor/angel, etc?
Are you certain that your stock met the Active Trade/Business and other requirements under Section 1202? (Outside of holding period requirements)
What is your intended rollover amount?
How long did you hold your initial stock?
(Read more about QSBS planning and see some example situations)
