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FT Partners Advises Equidate on its $50,000,000 Series B Financing

FT Partners Advises Equidate on its $50,000,000 Series B Financing

Overview of Transaction

  • On July 25, 2018, Equidate announced it has raised $50 million in a Series B financing round led by Financial Technology Partners ("FT Partners"), Panorama Point Partners and Operative Capital
  • Equidate's existing investors include Peter Thiel, Tim Draper and Scott Banister
  • Founded in 2014, Equidate is the leading stock market for private companies
  • The Company's global electronic trading platform connects individual and institutional investors with sellers including venture capitalists and shareholder employees, as well as some of the largest and most prominent private companies themselves
  • Equidate believes its run-rate of $1 billion of trade volume this year squarely places the company as both the market leader and the fastest growing player

Significance of Transaction

  • Responding to the current trend of growth companies staying private much longer, Equidate sees traditional institutional investors becoming significantly more active in the pre-IPO economy
  • This additional capital will enable Equidate to meet the outsized demand from investors across the globe and further expand the distribution of its platform

FT Partners' Role

  • FT Partners served as exclusive strategic and financial advisor to Equidate
  • This transaction underscores FT Partners’ strong domain expertise and its successful track record generating highly favorable outcomes for high growth FinTech companies globally