Nasdaq Launches Venture Investment Program
April 19 2017 - 9:53AM
Nasdaq (Nasdaq:NDAQ), one of the world’s leading providers of
technology and services to the capital markets, announced today the
launch of a venture investment program, Nasdaq Ventures,
dedicated to discovering, investing in and partnering with
unique fintech companies worldwide. The program’s main objective is
to identify and collaborate on new technologies and groundbreaking
services and solutions which align with Nasdaq’s clients’ needs and
the company’s long-term objectives in the global capital
markets.
“With the launch of our new venture investment program, we are
reinforcing our focus on driving growth and innovation by
evaluating, distributing, licensing and integrating disruptive
technologies for the long-term benefit of our global clients,” said
Adena Friedman, President and CEO, Nasdaq. “Investing in pioneering
fintech firms, who are developing unique technologies, continues
our history of being a platform and partner of choice for the most
innovative companies in the world. In addition, through this
program we plan to accelerate the pace of innovation to ensure
our clients continue to benefit from the technologies that are
reshaping the capital markets.”
As part of Nasdaq’s Corporate Strategy function, Nasdaq Ventures
will be led by Gary Offner who will report to Jean-Jacques Louis,
Head of Corporate Strategy. Offner has more than 20 years of
continuous private equity, venture capital and strategic direct
investment experience with an emphasis on minority growth capital
investments in technology companies, and is a long-time veteran of
Morgan Stanley.
The minority stake investments made by Nasdaq Ventures are
expected to range from less than $1M to approximately $10M and
will include seed to late-stage venture rounds. Every potential
investment will receive a rigorous review with an established
internal committee to ensure that each partnership is aligned with
Nasdaq’s overall financial and strategic goals, as well as an
existing business line or business strategy in order to guarantee
that every investment furthers the company’s competitive and
strategic position in the chosen businesses. Areas of initial
focus will include: digital transfer/blockchain; machine learning
and artificial intelligence; emerging and frontier marketplaces;
and next generation data, analytics and content aggregation. The
venture investing program will not have any material implications
on Nasdaq’s capital allocation strategy.
Nasdaq’s investment program began unofficially in late-2015 and
has since been partnered strategically with blockchain
infrastructure provider Chain.com, machine intelligence company
Digital Reasoning and real-time risk analytics firm Hanweck.
For potential collaboration and investment opportunities please
contact Ventures@nasdaq.com.
About Nasdaq
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing,
exchange technology, listing, information and public company
services across six continents. Through its diverse portfolio of
solutions, Nasdaq enables clients to plan, optimize and execute
their business vision with confidence, using proven technologies
that provide transparency and insight for navigating today's global
capital markets. As the creator of the world's first
electronic stock market, its technology powers more than 85
marketplaces in 50 countries, and 1 in 10 of the world's securities
transactions. Nasdaq is home to approximately 3,800 listed
companies with a market value of $10.1 trillion and nearly 18,000
corporate clients. To learn more,
visit: business.nasdaq.com.
Cautionary Note Regarding
Forward-Looking Statements
The matters described herein contain forward-looking statements
that are made under the Safe Harbor provisions of the Private
Securities Litigation Reform Act of 1995. These statements include,
but are not limited to, statements about Nasdaq and its products
and offerings. We caution that these statements are not guarantees
of future performance. Actual results may differ materially from
those expressed or implied in the forward-looking statements.
Forward-looking statements involve a number of risks, uncertainties
or other factors beyond Nasdaq's control. These factors include,
but are not limited to factors detailed in Nasdaq's annual report
on Form 10-K, and periodic reports filed with the U.S. Securities
and Exchange Commission. We undertake no obligation to release
revisions to any forward-looking statements.
NDAQG
For Media Inquiries:
Nasdaq:
Allan Schoenberg
Allan.Schoenberg@nasdaq.com
Direct: (212)231-5534
Ryan Wells
ryan.wells@nasdaq.com
Direct: +44 (0) 20 3753 2231
Mobile: +44 (0) 7809 596 390
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