Nasdaq Private Market closes $62.4M Series B Financing

Nasdaq Private Market closed its Series B financing. The $62.4 million round was led by Nasdaq with participation from current investors including Allen & Company, Citi, and Goldman Sachs. New investors in the Series B include BNP Paribas, DRW Venture Capital, UBS, and Wells Fargo. Since its spinout from Nasdaq in 2021, NPM has operated independently through an industry-backed consortium with a mission to deploy cutting-edge technology to accelerate the availability of secondary liquidity in private shares through its high-integrity trading, settlement, and data platform. NPM services some of the world’s most innovative private companies with their liquidity needs for employees and institutional investors. The company has executed more than $50 billion in transactional value across 650 company-sponsored liquidity programs and block trades.