Caplight Technologies, a San Francisco-based venture capital data and transaction infrastructure platform, has closed a $16m Series A funding round co-led by BlackRock and Fin Capital, with strategic participation from UBS Investment Bank.
The round also drew involvement from new investor LEAP Global Partners as a co-lead, while existing backers DB1 Ventures, the corporate venture arm of Deutsche Börse Group, Better Tomorrow Ventures, Clocktower Ventures, and Dash Fund each increased their positions.
The proceeds are set to extend Caplight’s lead in venture secondary data whilst driving expansion across private market data offerings and agentic workflows for both research and transactions.
Caplight’s own data points to the scale of the opportunity it is addressing. Venture capital has grown threefold over three years to become a $12tn-plus asset class, yet the supporting infrastructure has not kept pace. The platform currently brings together 100,000 company and investor profiles, $4tn in funding round data, more than $300bn in proprietary secondary data, and over $5bn in daily live transaction flow. Clients, who collectively manage more than $52tn in assets, can access the platform via a direct interface, API, or MCP server.
BlackRock’s involvement is framed as a strategic investment in support of Caplight’s efforts to improve transparency, data infrastructure, and liquidity in secondary markets. The partnership is intended to establish a framework for future collaboration across BlackRock’s private markets and technology ecosystem, which includes Aladdin and Preqin.
Caplight CEO Javier Avalos said, “Transparency unlocks private markets for institutional investors. We give the world’s best investors the data they need to understand the venture market and the infrastructure to participate in it. In an age where proprietary data is at a premium, we’re proud to be their source of truth.”
BlackRock senior managing director and global head of Aladdin Product Kunal Khara said, “With private markets becoming a growing part of portfolios, investors are increasingly demanding better data, transparency, and efficient secondary market infrastructure. We believe Caplight is well positioned to serve these evolving client needs and are excited to support the company as it continues to scale its business.”
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