Zanbato operates ZX, an SEC-registered Alternative Trading System and an inter-broker platform for trading venture-backed private shares. Launched in 2016 and based in Mountain View, Calif., ZX provides price discovery, liquidity, and trade execution across private markets. More than 100 banks and brokers use ZX for private-market trading and execution. The company says it aims to make private markets more liquid and reliable and plans to continue building out the ZX platform. Recent activity includes a strategic equity investment intended to further align ZX with its membership. Zanbato positions ZX as a tool for members to more effectively serve their clients in private markets. Zanbato builds private-label platforms used by broker-dealers, fund managers, private wealth managers, and co-investment networks to manage distribution and placement of private offerings. Its clients include large institutional allocators such as sovereign wealth funds, foundations/endowments, pensions, as well as family offices and high-net-worth individuals. The company emphasizes a user-centric approach to workflow management and aims to bring data-driven insights to private market operations. Zanbato intends to use new funding to further develop its data and technology practice and to expand its footprint in private financial markets, including international commercialization. Leadership cited in the articles includes CEO Nico Sand and Chairman Joe Lonsdale. No operating-revenue or user metrics were disclosed in the articles.

Total raised

$8M

Funding rounds

2

Latest round

Series B

Latest activity

May 2015