SharesPost, a provider of late-stage private company liquidity solutions and private capital markets research, announced on Wednesday it secured $15 million during its Series C funding round, which was led by LUN Partners and Kenetic Capital. Funds from the Series C funding round will go towards building out SharesPost’s Alternative Tasing System (ATS) for private company shares and security tokens and to further expand its global reach into Asia.
“Our strategy is to create a single, global marketplace for traditional and digital securities of private growth companies. Connecting U.S. and Asian investors and companies on our ATS is a key objective in realizing that vision. With the relationships, capital and expertise of Kenetic Capital and LUN Partners, SharesPost is positioned to rapidly expand its presence throughout Asia.”
Jehan Chu, Founder and Managing Partner of Kenetic Capital, has joined the SharesPost Board of Directors. He also commented:
“SharesPost is building what we think will be the world’s leading secondary platform for ICO’s and secondary trading of security and utility tokens. Where others are still just talking about when they might launch their ATS, SharesPost has been operating their ATS for years and has the technology, team and customers necessary to enable global trading of digital securities.”
Peilung Li, Founder and Chairman of LUN Partners Group, who is also joining SharesPost Board then noted:
“As the number of unicorns in China and the rest of Asia continues to grow, the need for SharesPost’s liquidity platform has become increasingly urgent here. Providing U.S. investors with access to these companies and providing Asian investors with access to American unicorns has enormous value. We are very excited to put our relationships and capital behind the creation of this emerging global marketplace.”
SharesPost and LUN have also entered into a partnership, SharesPost China, which will extend the SharesPost digital securities and private market investment platform into Greater China. SharesPost added its trading volume recently surpassed $4 million and last month the company announced it successfully amended its Form ATS to include blockchain securities and tokens among those to be traded on its platform.