Fintech firm Clear Street is launching a platform enabling accredited investors to buy stakes in late-stage private companies, starting with AI software giant Databricks, valued at $188 billion this month. CEO Uri Cohen said the goal is to remove friction and give more people access to private markets, which have historically been reserved for institutional investors. Clear Street, valued at nearly $12 billion in a private funding round earlier this year, aims to have up to 30 startups on its platform by yearend, mostly tech firms in the $5 billion to $20 billion valuation range roughly six months to two years from an IPO. The firm, which paused its own IPO plans in February due to market volatility, issued $400 million in investment-grade bonds and is targeting a 2027 listing.
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