Finding a buyer · Germany

Where to find a buyer for your private shares in Germany

You've worked out what your equity is worth — here's the part everyone asks next, for holders in Germany: who buys private-company shares, and how you reach them, plus the German rules that apply. Independent, plain-English, and no sales pitch.

How to read this page. PrivateTechShares is an independent education and tools service. This guide and the directory are for information only. We are not affiliated with, and do not endorse, recommend or receive payment from, any organisation listed, and we do not introduce buyers and sellers, arrange or advise on transactions, or handle money. Always do your own due diligence and take independent legal and tax advice.

Start here: your company usually controls this

Before looking for an outside buyer, remember your company almost always has a say. Your equity documents typically include a right of first refusal, transfer restrictions and a need for approval — and many companies run their own employee tender offers or buybacks, which is often the cleanest way to sell. The realistic first step is a short email to your stock administration or people team. The equity toolkit has ready-to-send templates for exactly this, and how tender offers work explains the route.

The German rules that apply

In Germany, share transfers of a GmbH typically require notarisation, and many grants are virtual shares (VSOP) rather than real equity — confirm which you hold before assuming you can sell. How a sale works and how it's taxed depends on the rules in Germany — we've written a dedicated plain-English guide: selling startup shares in Germany. Read it alongside this page.

The routes to a buyer

There isn't one market for private shares — there are several routes (company buyback, existing investors, the next round's lead, secondary platforms, investor networks, family offices), each suited to a different size and stage. The full map, with how each works and how to approach it, is on the main guide: where to find a buyer for your private shares → This page focuses on the venues and networks relevant in Germany.

A neutral directory for Germany

Well-known, publicly listed venues and industry bodies, for your own research. Check any platform or investor is properly regulated in Germany, and take advice before acting.

German & European investor networks

Secondary marketplaces & platforms

Forge Global ↗ — a large private-market secondary platform
EquityZen ↗ — secondary marketplace for pre-IPO shares (accredited investors)
Hiive ↗ — a marketplace for private-company stock
Nasdaq Private Market ↗ — company-run tender offers and private secondaries

These platforms are strongest for larger, recognisable, later-stage companies and usually require the company's approval to transfer; smaller or earlier-stage German holdings may not find a buyer there.

Do the homework first

Knowing where the buyers are only helps once you know what you hold, what it's worth, and the German tax. The free tools give you the numbers; the equity toolkit turns them into a decision — and includes the emails for asking your company and approaching a buyer.

See the equity toolkit →

Want it on your own numbers? The Personalized Equity Report models your specific grant end to end.

Questions people ask in Germany

Can I sell my private company shares in Germany?

Generally yes, if your shares are vested and transferable and you follow the company's transfer rules (right of first refusal, co-sale, board or company approval) and the securities rules that apply in Germany. It is a private, negotiated transfer, not a public-market trade. Confirm your own equity documents and take local legal and tax advice first.

Who buys private startup shares in Germany?

In rough order: the company itself (a buyback or employee tender), existing investors or shareholders (often via a right of first refusal), the lead investor in the next round, then — where those don't apply — secondary marketplaces, German and European investor networks, angel syndicates and family offices. Which is realistic depends on the company's size, stage and rules.

Does PrivateTechShares broker or arrange the sale in Germany?

No. PrivateTechShares is an independent education and tools service. We do not introduce buyers and sellers, arrange or advise on transactions, hold money, or take any fee. This page is information to help you understand your own options in Germany — the decisions and due diligence are yours.