New funding will be used to further develop its data and technology practice and to expand its footprint in private financial markets
Zanbato, 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 Sway 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.
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.