USA – Forge Global, Inc., a San Francisco, CA-based private securities marketplace, raised more than $150M in funding.
Backers included Deutsche Börse and new investors Temasek, Wells Fargo Strategic Capital, LUN Partners Group and others. Jane Atherton, Managing Director, Investment at Temasek International and Paul Hilgers, Managing Director of Deutsche Börse’s cash market business, will join Forge’s boardThe company intends to use the funds to continue to develop new products and services.The company has received FINRA approval to operate as a single broker dealer with SharesPost, which Forge merged with in 2020. Founded in 2014 by CEO Kelly Rodriques, Forge empowers investors and shareholders by facilitating liquidity in the private markets. In February 2021, the company launched Forge Company Solutions, a comprehensive liquidity solution suite for private, high-growth companies to facilitate custom liquidity programs including executive liquidity, company-sponsored employee liquidity, tender offers and direct listings. Securities related services are offered through Forge Market and SharesPost Financial Corporation, each of which is a member of FINRA/SIPC and wholly owned subsidiaries of Forge Global, Inc. Since inception, the company has completed more than $9B in transactions in nearly 400 private companies. 05/05/2021
