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Long-Term Stock Exchange Brings In $18.7 Million

Long-Term Stock Exchange Brings In $18.7 Million

According to a recent SEC filing, fintech startup Long-Term Stock Exchange (LTSE) raised $18.7 million in financing from three investors.

LTSE is creating an SEC-regulated national securities exchange designed to end the twenty-year decline in the number of U.S. public companies by creating a new listings venue that serves issuers (companies) and investors by prioritizing long-term value creation.

The company was founded by Eric Ries, a serial entrepreneur and New York Times best-selling author best known for pioneering the Lean Startup movement.