secondmarket-series b
SecondMarket, Inc. received Series B funding of $15M.
Investors: Li Ka-shing Foundation, Temasek Holdings
Founded in 2004, New York-based SecondMarket is the largest marketplace for illiquid assets, including private company securities, limited partnership interests, auction-rate securities, bankruptcy claims, structured products, warrants/restricted stock and whole loans. SecondMarket, which has conducted more than $2 billion in transactions, has over 5,000 participants, including global financial institutions, hedge funds, private equity firms, mutual funds, corporations and other institutional and accredited investors that collectively manage over $1 trillion in assets available for investment.
Been tracking this company for over a year now, it will be a huge acquisition target once the economy improves, they are already profitable and growing leaps and bounds. Should have gotten a fee for the Temasek investment ;p
Crunch Score: 4.61 (VC invested US$1m)
Rationale:
- Superb idea and execution
- Strong traction
