SecondMarket Holdings, the marketplace for alternative investments, has received $15 million through a series C round of venture capital funding. The Social+Capital Partnership, a new venture fund established by former Facebook senior executive Chamath Palihapitiya, provided the funding.
Palihapitiya will be joining the SecondMarket board of directors. The financing will be used for SecondMarket’s hiring growth, expansion into new asset classes and potential acquisitions. SecondMarket is a registered broker-dealer and a Securities and Exchange Commission–registered alternative trading system.
Click here for the release from PR Web.