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Zanbato raises $8 mln
PE Hub Network, May 06, 2015

Zanbato Inc. said Wednesday that it raised $8 million in Series B funding led by AITV (Accelerate-IT Ventures), with participation from existing investor Formation 8 and several prominent families and venture capitalists. Mountain View, California-based Zanbato provides a platform to create efficient private markets and boost private placements.


MOUNTAIN VIEW, Calif., May 6, 2015 /PRNewswire/ — Zanbato, Inc., a financial technology company whose platform facilitates private placement workflows and connectivity in private securities markets, today announced that it has raised $8 million in Series B funding led by AITV (Accelerate-IT Ventures), with participation from existing investor Formation 8 and several prominent families and venture capitalists. Zanbato will use the proceeds to further develop its data and technology practice and to expand its footprint in private financial markets.

“Given the importance of private capital flows in today’s financial landscape, it is remarkable that private placement processes remain largely untouched by technological advancement. At Zanbato we see a path towards remedying that,” said Nico Sand, Zanbato Chief Executive Officer. “Our mission lies at the intersection of building elegant, intuitive technology and supporting the world’s largest and most sophisticated investors. With our global network of partners and clients, we feel that we are well positioned to provide efficiency gains and reduce fragmentation in private market operations.”

Zanbato has taken a user-centric approach to developing workflow management tools for private placement professionals. The company’s private label platforms are used by Broker-Dealers, Fund Managers, Private Wealth Managers, and Co-Investment Networks to manage the distribution and placement of private offerings to their clients, who include large institutional allocators such as Sovereign Wealth Funds, Foundation/Endowments, and Pensions, as well as Family Offices and High Net Worth Individuals.

“Zanbato is applying new Silicon Valley insights to private markets and institutional investing. By focusing on technology to enable data-driven insights and aligning with long-standing, influential players in the market, Zanbato platforms and the networks they enable have the potential to dramatically improve private financial markets – and help global finance become more data-driven,” said Joe Lonsdale, Zanbato Chairman. “Creating efficiencies in private markets is a huge win for the economy. I’m proud to be part of the mission.”

“With our deep experience with family offices within AITV, we’ve encountered firsthand the complexities and difficulties surrounding private placements,” said Bill Malloy, founding general partner at AITV. “Zanbato’s platform brings the entire private placement process into the 21st century, we use it adamantly at the firm; it’s quite literally the best experience for private investing.” AITV plans to utilize its extensive network in Europe and the Middle East to support Zanbato’s international expansion and commercialization into additional private financial markets.

For more information, please visit www.zanbato.com.

About AITV

Founded in 2013, AITV is a US-based venture capital firm with offices in San Francisco, La Jolla and London that invests in early-stage and medium-growth IT software companies that demonstrate tremendous opportunities for growth. The company is intentionally singular in its focus around IT Software, with the sole purpose of altering the traditional approach to venture investing. The company applies a thriving engagement engine to its portfolio companies and has developed a strategic ecosystem to ensure US and EMEA commercialization, revenue and exit pathways. For more information, please visit www.aitv.co.

About Formation 8

Formation 8 is a venture capital firm that provides financial and strategic capital to Enterprise Software, Analytics and E-Commerce companies. They support entrepreneurs who seek to transform the most important global industries by solving hard problems with technology solutions. As a partner to young companies, Formation 8’s goal is to create long-term, sustainable value through operational expertise and business development partnerships. Formation 8 value trusted relationships with entrepreneurs, investors, and strategic partners through their global network. For more information, please visit www.formation8.com.

This announcement appears as a matter of record only. The securities described above have already been sold. The securities have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws, and unless so registered, the securities may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.

This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any of these securities, nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such states.

This press release includes statements regarding this private placement and the use of proceeds therefrom that may constitute forward-looking statements. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management’s control.

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