Press Release

Nasdaq Private Market Closes $62.4 Million Series B

March 1, 2024

New York – March 1, 2024 – Cooley advised Nasdaq Private Market (NPM), a top provider of liquidity solutions to private companies, their employees and investors, on the close of its $62.4 million Series B financing. Lawyers Sacha Ross, Andrew Gunther and Zoë Egelman led the Cooley team advising NPM.

The financing was led by Nasdaq, with participation from current investors – including Allen & Company, Citi and Goldman Sachs – and new investors 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.

About Cooley LLP

Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law.

Cooley has more than 1,300 lawyers across 19 offices in the United States, Asia and Europe, and a total workforce of nearly 3,000.

This content is provided for general informational purposes only, and your access or use of the content does not create an attorney-client relationship between you or your organization and Cooley LLP, Cooley (UK) LLP, or any other affiliated practice or entity (collectively referred to as “Cooley”). By accessing this content, you agree that the information provided does not constitute legal or other professional advice. This content is not a substitute for obtaining legal advice from a qualified attorney licensed in your jurisdiction and you should not act or refrain from acting based on this content. This content may be changed without notice. It is not guaranteed to be complete, correct or up to date, and it may not reflect the most current legal developments. Prior results do not guarantee a similar outcome. Do not send any confidential information to Cooley, as we do not have any duty to keep any information you provide to us confidential. This content may be considered Attorney Advertising and is subject to our legal notices.