SharesPost, Inc., a San Francisco, CA-based liquidity provider to the private technology growth asset class, closed a $15m Series C funding.
The round was led by Lun Partners and Kenetic Capital. In conjunction with the funding, Jehan Chu, Founder and Managing Partner of Kenetic Capital, and Peilung Li, Founder and Chairman of LUN Partners Group, joined the SharesPost Board of Directors.
The company intends to use the funds to build out its Alternative Trading System (ATS) for private company shares and security tokens and to further expand its global reach into Asia.
Led by Greg Brogger, Founder and CEO, SharesPost is a FINRA-registered broker-dealer, SEC-registered Alternative Trading System and Registered Investment Advisor. The company provides the private tech asset class with a suite of trading and lending solutions to facilitate shareholder and option holder liquidity. With trading in the shares of more than 200 private growth companies, SharesPost’s trading volume recently surpassed US$4 billion.
In May, the company announced that it had amended its Form ATS to include blockchain securities and tokens among those to be traded on its platform. As a result, it is now positioned to conduct ICOs and facilitate secondary transactions in digital securities in compliance with U.S. securities laws.