Real research, not rumours
Company profiles built from primary data — financials, sector, stage, and the story so far. The kind of page a public company gets for free, for companies that don't have one.
Pre-IPO access · Accredited investors only
The private market,
in your pocket.
The companies everyone will be talking about at the IPO are private today. Phoenix puts their numbers, their news, and your position in them on your phone — years before a ticker symbol exists. Institutional-grade intelligence and access, on the device you already carry.
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Prefer a conversation? Talk to the desk
Free on iOS and Android · Accounts are limited to accredited investors — typically $2.2M+ in net worth
Experience matters
- $1B+processed and liquidated in secondary-market pre-IPO transactions
- 25+private funds transacted across
- 100sof unicorns we have access to
Phoenix Financial has been arranging private-market transactions for years before the app existed. The app is that desk, in your pocket.
You already know every name here.
Phoenix clients hold positions in more than 60 private companies. Eight of them are below, ordered by how far each has moved since clients here could first buy in — largest first. Seven are still private. SpaceX is the exception, and the point: clients held it from 2022, four years before it reached Nasdaq in June 2026. Open any one to read its profile.
+52more companies held
A sample of existing client holdings, not a complete list. The order reflects the change in each company's published valuation since the earliest mark in the period Phoenix has transacted in it — a company-level figure taken from public reporting. It is not a Phoenix client return and not a performance record: Phoenix does not publish either here, and no client bought at every mark quoted. Private-company valuations are periodic estimates rather than daily marks, they can fall as well as rise, and past changes do not predict future results. Naming a company here is not a recommendation, an offer to sell, or a statement that it is currently available. Company names and logos are the property of their respective owners.
Everything you need on a company nobody can look up.
Intelligence, written overnight
Wake up to briefings on the companies and sectors you follow, drawn from the day's news and summarised so you can read them before the coffee lands.
Your position, always current
Holdings, values, and activity in one place. Open the app and know exactly where you stand — no statements to dig out, no spreadsheet to reconcile.
Told the moment it matters
Push alerts when something moves on a company you're watching. Private markets are quiet until they aren't; you'll hear it first.
Three steps to your first company.
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1
Download
Free on the App Store and Google Play. Nothing to pay to look around.
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2
Verify
One accreditation check, once — minutes, not weeks. It is also what keeps this market closed to everyone else.
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3
Follow
Pick the companies you care about. We'll keep you current on all of them.
Tomorrow's IPO is a private company today.
Start following it now.
Questions people actually ask.
About the app
What is the Phoenix Financial app?
Phoenix Financial is a mobile app for accredited investors that provides research on pre-IPO companies, daily market intelligence, and tracking for a Phoenix Financial account. It is available on iOS and Android.
How much does it cost?
The app is free to download from the App Store and Google Play. There is no charge to browse company research.
Who can open an account?
Accounts are available to accredited investors, and Phoenix sets a higher bar than the law requires: it typically works with investors whose net worth exceeds $2.2 million, excluding a primary residence. Accreditation is verified once during signup, as SEC rules require for private-company investments.
I already use the Investor Portal. What is the app?
The Phoenix Investor Portal is not going anywhere — it remains the full desktop workspace for expert insights, real-time analysis, and curated opportunities. The app puts the parts you reach for daily in your pocket: company research, overnight intelligence, and your positions. Same firm, same account, same clearing.
Which devices are supported?
The app requires iOS 16.0 or later on iPhone, or Android 13.0 or later.
Which companies does Phoenix cover?
Phoenix clients hold positions in more than 60 private companies, including Anthropic, Figure AI, OpenAI, Anduril, Apptronik and Stripe, plus SpaceX, which listed on Nasdaq in June 2026. Coverage reflects existing client holdings and is not an offer to sell or a recommendation.
Who clears and custodies accounts?
Accounts are cleared through Axos Clearing LLC, CRD 117176 — a separate, unaffiliated firm, member FINRA and SIPC, which holds your securities and cash. Phoenix Financial's firm CRD number is 144403.
How do I contact support?
Email Phoenix App Support at hello@phoenixinc.app. The support section above opens a pre-addressed message carrying a unique reference number.
Where are the legal documents?
Every legal document is published on the legal documents page and can be read in the browser or downloaded as a PDF.
About pre-IPO investing
How do I buy shares in a pre-IPO company?
Pre-IPO shares change hands on the secondary market, where existing shareholders — usually employees or early investors — sell to accredited buyers through a broker-dealer. Phoenix Financial has processed more than $1 billion in such transactions. Availability depends on what current holders are willing to sell, so no company is continuously available.
Can I buy OpenAI or Anthropic shares as an accredited investor?
Both companies are private, so their shares are not listed on any exchange and cannot be bought through an ordinary brokerage account. Access is through secondary-market transactions arranged by a broker-dealer, and depends on whether an existing shareholder is selling. Phoenix clients hold positions in both.
Do I need to be an accredited investor to buy pre-IPO stock?
Yes — and Phoenix sets a higher bar than the law. The SEC floor is $1 million in net worth excluding your primary residence, $200,000 in annual income ($300,000 jointly), or a Series 7, 65 or 82 licence. Phoenix applies the same tests but typically works with investors above $2.2 million in net worth.
What is the minimum investment for pre-IPO shares?
Minimums are set by the seller and the structure of each transaction rather than by a fixed platform figure, so they vary. Downloading the app and reading company research is free and carries no minimum at all. For what is currently available, speak to the Phoenix desk.
How does Phoenix Financial compare to other pre-IPO platforms?
Phoenix is a broker-dealer with a transacting desk, not only a marketplace. It has processed more than $1 billion across 25+ private funds, clears through Axos Clearing LLC, and its firm CRD number is 144403. The mobile app adds daily research and market intelligence on top of that desk.
How risky are pre-IPO investments?
Materially risky. Private shares are illiquid and may be impossible to sell before an IPO or acquisition; there is no public price, no guaranteed exit, and no assurance any company will ever go public. The entire investment can be lost. Read the private-markets risk disclosure before investing.
What happens to pre-IPO shares when the company goes public?
They typically convert to public stock at the IPO, usually subject to a lock-up period during which they cannot be sold — commonly around 180 days. Terms vary by transaction and company. Not every private company reaches an IPO; many are acquired instead, and some are neither.
How does a secondary-market pre-IPO transaction actually work?
An existing shareholder agrees to sell, a broker-dealer arranges the transfer and the documentation, and the company itself often holds a right of first refusal that has to clear first. Settlement can take weeks rather than days. Phoenix has processed more than $1 billion in these transactions.
Stuck on something?
Phoenix App Support reads every message. Tell us what happened and we'll get back to you.