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Nasdaq Private Market Closes $62.4 Million Series B Financing, Led by Nasdaq, with New Investments from BNP Paribas, DRW Venture Capital, UBS, and Wells Fargo

Feb 08, 2024•over 1 year ago

Amount Raised

$62.4 Million

New YorkFinancial Services

Investors

Goldman SachsCitiAllen & CompanyWells FargoUbsDrw Venture CapitalBnp ParibasNasdaq

Description

Nasdaq Private Market announced the closure of its $62.4 million Series B financing round, led by Nasdaq, with new investments from BNP Paribas, DRW Venture Capital, UBS, and Wells Fargo.

Company Information

Company

Nasdaq Private Market

Location

New York, New York, United States

About

Nasdaq Private Market operates a proprietary secondary marketplace and acts as a premier liquidity provider for private company trading and transactions. Through innovative technology and an experienced capital markets team, NPM supports the needs of corporate, institutional, and retail clients. Founded in 2013, the company provides solutions for private companies throughout each stage of their pre-IPO lifecycle. NPM’s product specialists facilitate private company stock transactions including tender offers, auctions, block trades, company-directed windows of liquidity, and pre-direct listing continuous trading. Nasdaq Private Market is an independent company with strategic investments from Nasdaq, Inc., SVB, Citi, Goldman Sachs, Morgan Stanley, and Allen & Company. Learn more at www.nasdaqprivatemarket.com.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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