Forge Global, a private securities marketplace, has netted $150m in funding, alongside getting approval from FINRA to operate as a single broker dealer.
Investors to the round included Temasek, Wells Fargo Strategic Capital, LUN Partners Group and previous backer Deutsche Börse.
With the round closed, the company is looking to expand its offerings in the US and into other markets.
Forge provides technology, data and expertise to the private market ecosystem and helping players to form connections.
Since it was founded in2014, the company has completed more than $9bn in transactions in nearly 900 companies.
Wells Fargo Strategic Capital head of principal technology investments Tom Richardson said, “The private securities market plays an increasingly important role in today’s financial landscape, and Wells Fargo recognizes the significance of a digital platform like Forge in the ongoing evolution of this marketplace.
“Forge’s liquidity solutions simplify the complexities of private market transactions and introduces further transparency into the price discovery process. We’re excited about the opportunities this brings to our customers and look forward to seeing Forge’s continued growth.”
As part of the deal, Temasek International managing director Jane Atherton and Deutsche Börse managing director Paul Hilgers.
With the close of the round, the company has raised a total of $250m in funding.
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