Companies · Other

Nasdaq Private Market, LLC

NEW YORK · Other

Diligence memoA one-page analyst read on Nasdaq Private Market, LLC — recommendation, valuation, rhythm, risks.
$92.4M
Total raised · real
3
Rounds
0.5×
Latest step-up
Top 5%
Sector rank · raised
Series C
Latest stage · inferred · Thu Nov 13 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Nasdaq Private Market, LLC looks under-valued against its niche peers and is active on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Under-valued
  • Modeled value is 0.49× the median modeled value of Series C Other companies in 2025–2027 (76 peers) — value vs value, same stage and era.
Active
  • Last raise 8 mo ago; this sector typically re-raises about every 11 months.
  • Raising on or ahead of the sector's normal rhythm.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

Nasdaq Private Market, LLC behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
2.8 yr record
Peak capital year was 2024 with $88.5M across 2 filings.
Market position
ahead of 96% of Other peers
Capital scale is ahead of 96% of Other peers; modeled value is above 86% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Lower applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Needs review
Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • Sector is still broad/Other, so operating comparables are weak.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2024: $88.5M across 2 filings.
  • Largest single filing was $48.5M on 2024-01-31.
  • Filing rows sum to $132.4M, while canonical raised total is $92.4M; likely amendments/superseded rows are mixed into the detail view.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
  • Canonical filtering should be tightened before using row-level totals for diligence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Other

Nasdaq Private Market, LLC is one of 25015 Other companies tracked from NEW YORK. By capital raised it ranks among the largest (ahead of 96% of sector peers), and in the upper tier by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
3
Investors (latest)
2021
Year incorporated
2025-11-13
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$125M$250M$375M$500MSeries B · 2023-09-22 Raised $21M (real) Modeled valuation $160M (est)$21M$160MSeries B2023Series B · 2024-01-31 Raised $40M (real) Modeled valuation $274M (est)$40M$274MSeries B2024Series C · 2024-01-31 Raised $48M (real) Modeled valuation $408M (est)$48M$408MSeries C2024Series C · 2025-11-13 Raised $23M (real) Modeled valuation $133M (est)$23M$133MSeries C2025+$40M+$48M+$23MCumulative $132M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series B$21.4M · 2023
Series B extension$40.0M · 2024
Series C$48.5M · 2024
Series C extension$22.5M · 2025

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 40%.

Modeled valuation trajectory
$132.7M
Base estimate est.
$87.0M
Conservative case
$167.0M
Upside case
$150.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Series B · modeled $160.4M · 2023-09-222023Series B · modeled $274.5M · 2024-01-31Series C · modeled $407.9M · 2024-01-31Series C · modeled $132.7M · 2025-11-132025
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
78%
Survival probability
58% low · 90% high
1.22×/yr
Annual markup
1.40×/yr upside case
0.6 yr
Elapsed time used
0.6 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
9 mo
Avg between rounds
$43.1M/yr
Capital velocity
2.8 yr
On record since
2023
First round
4
Rounds on file
How it compares to the market

Benchmarked against 25015 companies in Other. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 45× above median
This company$92.4M
Sector median$2.0M
Latest round — vs other Series C rounds in sector (real $, this stage) 0.5× of median
This company$22.5M
Sector median$50.0M
Modeled value — vs sector median (estimate, all stages) 7.5× above median
This company$132.7M
Sector median$17.7M

Raised more than 96% of sector peers (real $). Modeled value above 86% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #54 of 76.

This companyCohort peer
$100.0M$1.0B$10.0M$100.0M$1.0BCapital raised (log)Premium Packaged Products LLC · Series C Raised $96.5M · modeled $613.0M (est)Hoagie Investor Holdings, LLC · Series C Raised $95.4M · modeled $586.1M (est)Sunset At El Paso Llc · Series C Raised $98.1M · modeled $585.5M (est)Orion Street Capital LLC · Series C Raised $100.0M · modeled $583.6M (est)Mozella Capital Inc. · Series C Raised $100.0M · modeled $559.4M (est)SE-Las Colinas · Series C Raised $90.9M · modeled $549.1M (est)Sequoia Equities - Innsbrook Village Ltd · Series C Raised $181.8M · modeled $548.8M (est)Colorado Holdco · Series C Raised $88.1M · modeled $523.2M (est)Critical Infrastructure I DST · Series C Raised $91.9M · modeled $507.5M (est)Three Bridges Club LLC · Series C Raised $73.3M · modeled $488.0M (est)Stout Holdings Management Aggregator IV, L.P. · Series C Raised $76.2M · modeled $479.4M (est)CCRE Equity & Investment Office LLC · Series C Raised $75.0M · modeled $458.4M (est)Nasdaq Private Market, LLC (this company) Raised $92.4M · modeled $132.7M (est)Nasdaq Private Market, LLC
CompanyStageRaised · realValue · estvs peer med.
Premium Packaged Products LLCSeries C$96.5M$613.0M2.26×
Hoagie Investor Holdings, LLCSeries C$95.4M$586.1M2.16×
Sunset At El Paso LlcSeries C$98.1M$585.5M2.16×
Orion Street Capital LLCSeries C$100.0M$583.6M2.16×
Mozella Capital Inc.Series C$100.0M$559.4M2.07×
SE-Las ColinasSeries C$90.9M$549.1M2.03×
Sequoia Equities - Innsbrook Village LtdSeries C$181.8M$548.8M2.03×
Colorado HoldcoSeries C$88.1M$523.2M1.93×
Critical Infrastructure I DSTSeries C$91.9M$507.5M1.87×
Three Bridges Club LLCSeries C$73.3M$488.0M1.80×
Stout Holdings Management Aggregator IV, L.P.Series C$76.2M$479.4M1.77×
CCRE Equity & Investment Office LLCSeries C$75.0M$458.4M1.69×
Nasdaq Private Market, LLC this companySeries C$92.4M$132.7M0.49×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series B$21.4M2023-09-22$118.9M$160.4M90%
Series B$40.0M2024-01-31$222.2M$274.5M90%
Series C$48.5M2024-01-31$323.3M$407.9M90%
Series C$22.5M2025-11-13$150.0M$132.7M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series B$21.4M2023-09-22
    • First recorded raise — entered as Series B.
    • 8 investors on this round.
  2. Series B$40.0M2024-01-31
    • Came back fast: 4 mo vs the ~11 mo sector norm.
    • Round 1.9× larger than the prior — scaling up.
    • 5 investors on this round.
  3. Series C$48.5M2024-01-31
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 7 investors on this round.
  4. Series C$22.5M2025-11-13
    • Raised again after 21 mo — slower than the ~11 mo sector norm.
    • Round 2.2× smaller than the prior — bridge or down round.
    • 3 investors on this round.
Intelligence
2026 ~Q3
Modeled next raise · ~9mo cadence
$22.5M
Modeled next size est.range $22.5M$36.0M
0.5×
Last step-up
$43.1M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Michael Barry7 other2025-11
Gary Offner1 other2023-09
Jack Fowler1 other2023-09
Karen Snow1 other2023-09
Min Park1 other2025-11
Sandeep Arora1 other2023-09
Steve Matthews1 other2024-01
William Matthews1 other2024-01
Benny Adler2024-01
Cyndi Rodriguez2023-09
Eric Folkemer2023-09
Inessa Even2024-01
Jimmy Ronnkvist2023-09
Jonathan Lesko2023-09
Lee Smallwood2025-11
Louis Citron2024-01
Lou Modano2025-11
Sean Fox2025-11
Sonali Theisen2024-01
Steve Mathews2024-01
Steve Nawrocki2024-01
Sulu Mamdani2023-09
Tilli Bannett2023-09
Tom Callahan2023-09
Registry & provenance

Nasdaq Private Market, LLC is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1996288
SEC CIK
2021
Incorporated
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
BloomTech Inc.OtherSeries C$89.0M$121.9Msame sector · same stage
DineInFresh, Inc.OtherSeries C$87.4M$124.3Msame sector · same stage
Rhodium Enterprises, Inc.OtherSeries C$98.8M$131.8Msame sector · same stage
Sierra-Cedar Holdings, L.P.OtherSeries C$86.0M$128.6Msame sector · same stage
Tommy's Express Holdings, Inc.OtherSeries C$111.6M$143.0Msame sector · same stage
Overjet, Inc.OtherSeries C$117.2M$142.6Msame sector · same stage
Sydnexis, Inc.OtherSeries C$72.3M$133.2Msame sector · same stage
Bakken Select Fund I, LLCOtherSeries C$62.8M$130.1Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Private Capital Index, Inc.OtherSeed$27.9M85%
Float Financial, LLCOtherSeries A$10.8M84%
Market Investment Group LlcOtherSeed$12.2M84%
RSE Markets, Inc.OtherSeries B$26.9M84%
Nulu Investors, LLCOtherSeries A$35.3M83%
RS Boulder Investor, LLCOtherPre-Seed$5.1M83%
Chicken Investors, LlcOtherSeries A$102.5M82%
EQT Private Equity Co LLCOtherGrowth/Late$4.7B82%
Frequently asked
How much funding has Nasdaq Private Market, LLC raised?
Nasdaq Private Market, LLC has raised approximately $92.4M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Nasdaq Private Market, LLC's estimated valuation?
Provath's modeled valuation for Nasdaq Private Market, LLC is approximately $132.7M (modeled range $87.0M–$167.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Nasdaq Private Market, LLC at?
Nasdaq Private Market, LLC's latest modeled financing stage is Series C. Its most recent recorded round closed around Thu Nov 13.
What does Nasdaq Private Market, LLC do and where is it based?
Nasdaq Private Market, LLC operates in the Other sector, based in NEW YORK.
Explore related

See where Nasdaq Private Market, LLC sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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