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.
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