Nasdaq Private Market Receives $62.6 Million Investment

Nasdaq Private Market (NPM) has secured $62.6 million in a funding round with backing from some renowned banks.

This funding round was steered by Nasdaq. Current investors like Goldman Sachs, Citi, and Allen & Company all played a major part in this round. Also, new investors in the funding round include Wells Fargo, UBS, DRW Venture Capital, and BNP Paribas.

NPM Offers In-Demand Data And Liquidity For Investors And Businesses

Kim Trautmann, partner and head of DRW VC, stated that NPM provides sought after data and liquidity for investors and companies. These features have historically been difficult to get and validate.

The platform is different because it has the capacity to provide detailed insights on individual companies and show investors a broad, visual representation of market data in all their portfolios. This places the company as an end-to-end solution, especially as the secondary market for private shares continues to grow and mature.

NPM’s main business areas include Firm Solutions, Tape D and Analytics, Transfer and Settlement, and SecondMarket Trading Marketplace. Its Firm Solutions provides support to private firms using innovative technology built to facilitate auctions, tenders, and pre-direct listening events.

In 2021, NPM separated from Nasdaq, and since then the company has been operating alone under an industry-supported consortium. Its mission is to accelerate the accessibility of secondary liquidity in private shares.

NPM’s range of products comprises data platforms, settlement, and trading. The company has also executed transactions of more than $50 billion across 650 company-sponsored liquidity programs and block trades.

NPM Aim To Advance Private Share Trading Efficiency And Transparency

NPM’s advanced SecondMarket electronic trading platform focuses on bringing efficiency and transparency to the block trading of private shares, operating in a model that fully reflects the interests of private firms. Its patent-pending Settlement and Transfer technology simplifies the complex, difficult post-trade processes of workflows for both trading counterparties and companies.

Additionally, NPM’s Tape D product is poised to meet the market’s need for actionable insights into private company valuations and trading activity for investors and employees.

Since its establishment, NPM has facilitated transactions worth over $40 billion in volume and has partnered with more than 400 private firms and over 100,000 investors, stakeholders, and employees.

Nasdaq is a prominent worldwide technology firm that serves as a platform for exchange operators, brokers, banks, investment managers, and corporate clients to interact and navigate the global capital markets and the wider financial landscape.