Fundraising Fox
Nasdaq Private Market
New York, US · Founded 2021 · Delaware LLC · 111 employees on LinkedIn · 3 known investors
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Nasdaq Private Market operates infrastructure for private-company securities, offering liquidity programs (tender offers, buybacks, auctions), a secondary marketplace for accredited investors to buy and sell pre-IPO shares and funds, market data and intelligence, patented settlement technology, and capital-raising solutions. It serves private companies, employee shareholders, institutional and individual investors, and banks/brokers.
Founders & leadership
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Tom CallahanChief Executive OfficerHe previously spent nine years at BlackRock leading its Global Cash Management platform, five years as CEO of NYSE Liffe, and fifteen years at Merrill Lynch in various leadership roles including Co-Head of Global Prime Brokerage and Head of Global Money Markets.
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William MathewsManager
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Karen SnowBoard Member2021–2024Karen Snow has over 30 years of experience in startups, consulting, investment banking, and capital markets. At Nasdaq, she led the listings business and its P&L, overseeing thousands of IPOs and listed company relationships.
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Benny AdlerManager
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Jimmy RonnkvistChief Financial Officer2019–2024Jimmy Ronnkvist has held executive roles at Nasdaq Private Market overseeing finance and operations for the financial services firm, and has led fundraising efforts raising over $100 million from institutional investors and banks.
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Gary OffnerChairman of the BoardGary Offner is Global Head of Nasdaq Ventures, the venture investment arm of Nasdaq. Previously, he spent over a decade as a Managing Director at Morgan Stanley managing principal strategic investments in market infrastructure and financial technology companies, and holds a BA in Economics from Columbia College and an MBA from Columbia Business School.
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Eric FolkemerPresident, Chief Operating Officer, & Co-founder2016–2025Eric Folkemer is an executive officer at Nasdaq Private Market with over 20 years in financial technology and marketplaces, including the last decade focused on private market infrastructure. He has experience in business operations, product development, organizational scaling, and capital raising, and has worked on acquisitions and integrations in the financial services sector.
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Steve NawrockiManager
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Sandeep AroraManager
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Cyndi RodriguezNamed on SEC filing
Board
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Jonathan LeskoManager
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Louis CitronManager
Investors · 3
DRW Venture CapitalreportedChicago · $1M – $5M
How we know: press coverage · funding news · Not right? Tell us
HiJoJo PartnersreportedTokyo
How we know: press coverage · funding news · Not right? Tell us
Nasdaq VenturesreportedRichmond · $2M – $5M
How we know: a partner's Signal profile · Not right? Tell us
Reported raises · per SEC filings
Form D private placements$92.4M disclosed across 3 rounds · 2023–2025
▶$22.5MraisedDec 2025 · 3 investors · OtherRule 506(b)
▶$22.5MraisedDec 2025 · 3 investors · Other
Rule 506(b)Officers, directors & promoters on the filing
- Gary OffnerDirector
- Tom CallahanExecutive Officer, Director
- Min ParkDirector
- Michael BarryDirector
- William MatthewsDirector
- Inessa EvenDirector
- Sean FoxDirector
- Benny AdlerDirector
- Steve NawrockiDirector
- Sonali TheisenDirector
- Jonathan LeskoDirector
- Lee SmallwoodDirector
- Lou ModanoDirector
- Louis CitronDirector
- Offering amount
- $37.6M
- Amount sold
- $22.5M
- First sale
- Nov 2025
- Incorporated
- Limited Liability Company, Delaware, 2021
- Federal exemptions
- 06b
▶$48.5MraisedAug 2024 · 7 investors · OtherRule 506(b)
▶$48.5MraisedAug 2024 · 7 investors · Other
Rule 506(b)Officers, directors & promoters on the filing
- Tom CallahanExecutive Officer, Director
- Jonathan LeskoDirector
- Louis CitronDirector
- Sonali TheisenDirector
- William MathewsDirector
- Karen SnowDirector
- Benny AdlerDirector
- Jimmy RonnkvistExecutive Officer
- Gary OffnerDirector
- Eric FolkemerExecutive Officer
- Steve NawrockiDirector
- Sandeep AroraDirector
- Tilli BannettDirector
- Steve MatthewsExecutive Officer
- Inessa EvenDirector
- Sulu MamdaniDirector
- Offering amount
- $48.5M
- Amount sold
- $48.5M
- Sales commissions
- $1.3M
- Placement agents
- Jefferies LLC
- First sale
- Jan 2024
- Incorporated
- Limited Liability Company, Delaware, 2021
- Federal exemptions
- 06b
▶$21.4MraisedOct 2023 · 8 investors · OtherRule 506(b)
▶$21.4MraisedOct 2023 · 8 investors · Other
Rule 506(b)Officers, directors & promoters on the filing
- Gary OffnerDirector
- Jack FowlerDirector
- Sulu MamdaniDirector
- Eric FolkemerExecutive Officer
- Tom CallahanExecutive Officer, Director
- Sandeep AroraDirector
- Jonathan LeskoDirector
- Tilli BannettDirector
- Karen SnowDirector
- Jimmy RonnkvistExecutive Officer
- Cyndi RodriguezExecutive Officer
- Offering amount
- $25M
- Amount sold
- $21.4M
- Sales commissions
- $1M
- Placement agents
- Jefferies LLC
- First sale
- Sep 2023
- Incorporated
- Limited Liability Company, Delaware, 2021
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Related companies · 6
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UpmarketUpMarket is an online investment platform and registered broker dealer that enables accredited investors to access alternative assets including pre-IPO companies, hedge funds, and private equity. The platform aims to democratize access to private markets beyond traditional stock market investments.
Companies working in the same space as Nasdaq Private Market.
In the news
Frequently asked questions
- What does Nasdaq Private Market do?
- Nasdaq Private Market operates infrastructure for private-company securities, offering liquidity programs (tender offers, buybacks, auctions), a secondary marketplace for accredited investors to buy and sell pre-IPO shares and funds, market data and intelligence, patented settlement technology, and capital-raising solutions. It serves private companies, employee shareholders, institutional and individual investors, and banks/brokers.
- Who are Nasdaq Private Market's investors?
- Nasdaq Private Market's investors include DRW Venture Capital, HiJoJo Partners, Nasdaq Ventures.
- How much funding has Nasdaq Private Market raised?
- Nasdaq Private Market has disclosed $92.4M raised across 3 rounds.
- Where is Nasdaq Private Market headquartered?
- Nasdaq Private Market is headquartered in New York, US.