Nasdaq launches venture investment programme
Written by Anthony Strzalek
Nasdaq has announced the launch of a venture investment programme, Nasdaq Ventures, dedicated to “discovering, investing in and partnering with unique FinTech companies worldwide”.
The programme's main objective is to identify and collaborate on new technologies, services and solutions which align with Nasdaq's clients’ needs and the company’s long-term objectives in the global capital markets.
The minority stake investments made by Nasdaq Ventures are expected to range from less than $1 million to approximately $10 million and will include seed to late-stage venture rounds.
Areas of initial focus will include blockchain; machine learning and artificial intelligence; emerging and frontier marketplaces; and next generation data, analytics and content aggregation.
Adena Friedman, president and CEO of Nasdaq, said: “With the launch of our new venture investment programme, 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.
“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 programme we plan to accelerate the pace of innovation to ensure our clients continue to benefit from the technologies that are reshaping the capital markets.”