Case Study: Elnora AI builds a global equity ownership culture with Cake Equity

Elnora AI gives 100% of employees equity with Cake Equity

Elnora AI, a biomedical startup with a team distributed between the US and Estonia, faced the challenge of granting legitimate equity ownership to its international founding members. Without a proper structure, they lacked a clear way to issue compliant stock options, which was a barrier to making their early employees true co-owners in the mission. They turned to the vendor Cake Equity for a solution.

Cake Equity provided a platform that supported international team members with the same level of legitimacy and compliance as US-based employees. The solution enabled Elnora AI to transform from having no option plan to granting equity to every employee, achieving 100% equity coverage. This created meaningful ownership stakes that aligned the entire team with the company's long-term success and improved transparency and trust. Cake Equity removed the administrative burden, allowing the team to focus on accelerating drug discovery.

Elnora AI