*EquityZen Inc. was awarded a 2023 Fintech Breakthrough Award by Tech Breakthrough LLC on or about March 23, 2023, based on the prior calendar year and covering calendar year 2023, and has compensated Tech Breakthrough LLC for use of its name and logo in connection with the award. Tech Breakthrough LLC is a third party and has no affiliation with EquityZen.

**Cambridge Associates 25-year Private Market Index (“PMI”) as compared to the 25-year Cambridge Associates Modified Public Market Equivalent ("mPME") for the Russell 2000 Index, as of December 31, 2022. The mPME intends to replicate private investment performance under public market conditions. To calculate the PMI, Cambridge Associates uses data compiled from 1,496 US private equity funds formed between 1986 and 2022. The private equity funds used in this analysis may materially differ from the EquityZen funds featured on EquityZen's platform, and the actual return of any one EquityZen fund will not necessarily be equal or similar to and may be materially different from the PMI. Please see source data for additional information on how performance was calculated.

^†Past performance is not indicative of future results. Diversification does not assure a profit or protect against market loss. Specific terms of an investment in an EquityZen fund are subject to the fund offering documents.

^‡Not investment advice. Closing is not guaranteed. EquityZen's funds provide accredited investors with exclusive investment opportunities in established private companies. Investments in private companies are “private placements” of securities that are not publicly traded, are illiquid, may be speculative, and involve a high degree of risk, including the risk of substantial loss of investment. Not all private companies will go public or get acquired, and not all IPOs and acquisitions will result in successful investments. Investors must be able to afford the loss of their entire investment. See our Risk Factors for a more detailed explanation of the risks involved by investing through the EquityZen platform.

^¶Not investment advice. Closing is not guaranteed. Any decision to exercise your options is yours alone, and neither EquityZen nor any of its affiliates provides any recommendation or advice in this regard.

Not all pre-IPO companies will go public or get acquired, and not all IPOs or acquisitions will result in successful investments. There are inherent risks in pre-IPO investments, including the risk of loss of the entire investment, illiquidity, and fluctuations in value and returns. Past performance is not indicative of future returns.

This communication should not be construed as investment advice nor as a recommendation to purchase, sell or hold any security. Nothing set forth herein shall constitute an offer to sell any securities or a solicitation of an offer to purchase securities.

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