UK self-driving car technology startup Wayve is giving its employees the opportunity to cash in on their equity, as it looks to “retain talent”.
Wayve, which is one of the UK's best-funded startups, is launching what is called an employee tender offer.
It is a mechanism which gives startup employees the chance to sell shares to new and existing investors.
The $85m tender offer is being led by new and exising investors in Wayve, which was valued at $8.6bn in February this year, when it raised $1.2bn in a Series D round.
It marks the second time Wayve, which employs 1,200 people, has carried out a tender offer, following one in its 2024 $1.05bn Series C funding round.
