Edtech startup SpeakX announces $1 Mn ESOP buyback for 15 employees

Edtech company SpeakX (formerly Yellow Class) has launched its first ESOP buyback program worth $1 million, offering early liquidity to employees. 

According to the company, 15 out of its 20 employees will benefit from the buyback.

The buyback comes on the heels of SpeakX’s recent $16 million pre-Series B round which includes performance-linked stock grants, tenure-based allocation, and a long-term ownership structure. Employees who complete two years at the company receive ESOPs with a 10-year exercise window, and grants extend across all…