BlackRock and Fin Capital have co-led a $16 million Series A into Caplight, the San Francisco-based platform that provides pricing data and trading infrastructure for private market secondary transactions. UBS Investment Bank joined as a strategic investor.
The round also drew increased commitments from existing backers including DB1 Ventures (the venture arm of Deutsche Börse Group), Better Tomorrow Ventures, Clocktower Ventures, and Dash Fund. Leap Global Partners co-led the round alongside BlackRock and Fin Capital.
Why private market data matters now
Caplight, founded in 2021 by Justin Moore and Javier Avalos, sits at an increasingly important junction in capital markets. The company claims to hold proprietary data on over $300 billion in secondary market transactions and $4 trillion in funding rounds spanning more than 100,000 private companies.
The platform’s client base collectively manages over $52 trillion in assets. Prior to this Series A, Caplight had raised approximately $10 million in earlier funding. The new capital nearly triples the company’s total fundraising.
