# Nasdaq Private Market

> Nasdaq Private Market (NPM) is an independent, New York-based financial technology and broker-dealer company that runs a marketplace for trading shares of private, pre-IPO companies. Through its SecondMarket platform, NPM helps startups, employees, shareholders, and institutional investors find liquidity before an exit - via tender offers, auctions, block trades, and custom company marketplaces - while bringing price discovery, data, and settlement infrastructure to a notoriously opaque corner of finance.

- **Founded:** 2013
- **Headquarters:** New York, United States
- **Founders:** Eric Folkemer (Co-Founder), Nelson Griggs (Co-Founder)
- **Team size:** ~95 employees
- **Products:** SecondMarket, Tender Offers, Auctions & Block Trades, Custom Company Marketplaces, Data, Analytics & Settlement
- **Notable:** Spun out of Nasdaq in 2021 to become an independent company, Closed a $62.4M Series B led by Nasdaq in February 2024, Assembled an investor consortium of 11+ global financial institutions

## Products & services

- **SecondMarket** — Next-generation electronic secondary liquidity platform spanning companies, employees, investors, and intermediaries - launched 2024 as the company's most significant product in a decade.
- **Tender Offers** — Company-sponsored programs that let employees and early shareholders sell shares to approved investors on controlled terms.
- **Auctions & Block Trades** — Structured sale mechanisms for price discovery and matching buyers and sellers of private company stock.
- **Custom Company Marketplaces** — Branded, controlled trading venues that issuers use to manage shareholder liquidity and transfers.
- **Data, Analytics & Settlement** — Private company valuation data, market intelligence, and trade settlement infrastructure underpinning every transaction.

## Achievements

- Spun out of Nasdaq in 2021 to become an independent company
- Closed a $62.4M Series B led by Nasdaq in February 2024
- Assembled an investor consortium of 11+ global financial institutions
- Launched the next-generation SecondMarket platform in 2024
- Predecessor SecondMarket named a World Economic Forum Technology Pioneer (2011)

## Latest updates

- **2024-02** — Closed $62.4M Series B financing led by Nasdaq with new investors BNP Paribas, DRW Venture Capital, UBS, and Wells Fargo.
- **2024-08** — Added Bank of America and HiJoJo Partners to its consortium of strategic investors.
- **2024-09** — Launched the next-generation electronic SecondMarket secondary liquidity platform.
- **2025-01** — Published State of the Private Market 2025 report on secondary trading and valuation trends.

## Links

- Website: https://www.nasdaqprivatemarket.com
- LinkedIn: https://www.linkedin.com/company/nasdaq-private-market
- Twitter/X: https://twitter.com/NPM
- Facebook: https://www.facebook.com/NasdaqPrivateMarket/

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Last updated: 2026-06-07