Liquidity Provider SharesPost Raises $15 Million Series C Funding

SharesPost, Inc., a liquidity provider to the private technology growth asset class, secured $15 million in a Series C round led by LUN Partners, a global investment management group headquartered in Shanghai that operates multiple investment vehicles, including venture capital and private equity funds. Kenetic Capital, a Hong Kong-based firm supporting blockchain platforms through investments, advisory services, community building, and technology development also participated.

With trading in the shares of 200 private growth companies, SharesPost’s trading volume surpassed $4 billion. In 2018, it amended its Form ATS to include blockchain securities and tokens among those to be traded on its platform. As a result, the company is now well-positioned to conduct ICOs and facilitate secondary transactions in digital securities in compliance with U.S. securities laws.

SharesPost plans to use the funding to build out SharesPost’s alternative trading system for private company shares and security tokens and to further expand its global reach into Asia.