Nasdaq Private Market is a technology company.
Nasdaq Private Market has raised $62.0M across 1 funding round.
Key people at Nasdaq Private Market.
Nasdaq Private Market has raised $62.0M in total across 1 funding round.
Key people at Nasdaq Private Market.
Nasdaq Private Market has raised $62.0M in total across 1 funding round.
Nasdaq Private Market's investors include AlpInvest Partners, Eight Roads, F-Prime Capital Partners, Nasdaq Ventures.
Nasdaq Private Market (NPM) is a technology company providing a trading platform and liquidity solutions for private company shares, addressing the growing need for secondary liquidity as companies stay private longer.[1][2] It offers enterprise software, data analytics, settlement technology, and a marketplace (SecondMarket®) for issuers, brokers, shareholders, investors, law firms, and employees, having facilitated over $40-43 billion in transactional volume with 400+ companies and 100,000+ stakeholders.[1][2][3]
NPM's mission is to reduce barriers to accessible liquidity for private companies and funds through proprietary technology, expert deal teams, and compliant frameworks like AML/KYC.[2][5] It serves banks, brokers, global investors, and legal counsels by enabling tender offers, auctions, and secondary transactions, powering growth in the pre-IPO ecosystem with tools for valuation data, cap table navigation, and seamless share transfers.[2][4][5]
Nasdaq Private Market emerged over a decade ago as a mission-driven independent entity, leveraging Nasdaq's franchise technology and marketplace expertise to tackle private secondary liquidity.[1][2][3] It received strategic investments from Nasdaq, Inc., SVB, Citi, Goldman Sachs, Morgan Stanley, and Allen & Company, establishing credibility in a market where companies increasingly delay IPOs.[1][3]
Key figures include leadership like Kevin Gsell, who has highlighted NPM's evolution from facilitating broad-based secondaries to building a capital markets team focused on institutional buy-side relationships over the last 4-5 years.[3] Co-Founder and COO Eric Folkemer underscores its decade of experience in pre-IPO trading and shareholder solutions.[6] Pivotal growth came from executing 230+ transactions in recent years, including innovative auctions alongside traditional tender offers.[5]
NPM rides the trend of prolonged private company lifespans, where firms like unicorns delay public listings, creating demand for employee, shareholder, and investor liquidity without full IPOs.[1][2] This timing aligns with market forces like rising valuations, regulatory hurdles for public markets, and institutional interest in pre-IPO assets, enabling NPM to scale via tech-built infrastructure from Nasdaq's heritage.[1][3]
It influences the ecosystem by standardizing secondary transactions—structuring deals for law firms, powering broker franchises, and providing benchmarks that enhance market transparency and efficiency.[2][4][5] Clients like Niantic and Datadog benefit from smooth executions, fostering trust and accelerating private market maturity.[4]
NPM is positioned to expand its liquidity landscape through tech innovations like advanced auctions and AI-driven analytics, capitalizing on sustained private market growth.[1][2][5] Trends such as tokenized assets, broader retail access (for accredited investors), and global broker adoption will shape its path, potentially doubling transactional volume amid longer private tenures.
Its influence may evolve toward dominating institutional private trading, integrating deeper with cap table software and crypto-adjacent firms, reinforcing its role as the frictionless gateway to pre-IPO opportunities—much like its foundational mission to unlock shareholder value in a staying-private world.[2][3]
Nasdaq Private Market has raised $62.0M across 1 funding round. Most recently, it raised $62.0M Series B in February 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Feb 1, 2024 | $62.0M Series B | AlpInvest Partners, Eight Roads, F-Prime Capital Partners, Nasdaq Ventures |