SecondMarket Garners $15,000,000 Series C Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ac4bdd4b-0054-4a54-8926-95cd8c7912df&Preview=1 -
Date
11/2/2011 -
Company Name
SecondMarket -
Mailing Address
26 Broadway 12th Floor New York, NY 10004 -
Company Description
SecondMarket is the largest centralized marketplace and auction platform for illiquid assets, such as auction-rate securities, bankruptcy claims, collateralized debt obligations, limited partnership interests, private company stock, residential and commercial mortgage-backed securities, restricted securities and block trades in public companies and whole loans. SecondMarket’s online auction platform has over 5,000 participants, including global financial institutions, hedge funds, private equity firms, mutual funds, corporations and other institutional and accredited investors that collectively manage over $1 trillion in assets available for investment. -
Website
http://www.secondmarket.com -
Transaction Type
Venture Equity -
Transaction Amount
$15,000,000 -
Transaction Round
Series C -
Proceeds Purposes
This new round of financing will support SecondMarket’s hiring growth, expansion into new asset classes and potential acquisitions. -
M&A Terms
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Venture Investor
The Social+Capital Partnership
