Data & Intelligence
by Nasdaq Private Market
Stay ahead of the private markets
Unparalleled transparency into the price factors driving private company valuations. Comprehensive data insights powered by Nasdaq Private Market.
$80B+
Secondary Market Transactions*
700+
Private Companies Traded*
2,100+
in settled trades through private share settlement engine*
*As of May 2026
Core Products
One of The Most Comprehensive Private Market Data Available
Six integrated data products covering pricing, financing, ownership, and analysis — core tools an institutional investor needs to evaluate private companies. Click any card for detail.
NPM Price
Proprietary Daily Pricing
Daily price estimates on 500+ liquid private companies using six distinct pricing signals aggregated into a single, defensible view.
Tape D Price aggregates proprietary daily pricing across the most liquid private companies, grounded in statistical theory and market-corroborated inputs consistent with the Level 2 Fair Value Hierarchy in ASC 820 and IFRS 13. Ideal for valuation teams, portfolio monitoring, secondary market pricing, and institutional-grade private company price discovery.
Financing History
Form D Filings & Rounds
Track PPS, amounts raised, total capital, and estimated valuations across every primary round from Form D filings.
Comprehensive primary round coverage for venture-backed private companies — capital raised, price per share, share class, lead investor, post-money valuation, and fully diluted share count — extracted from Form D filings, press, and NPM’s proprietary sources. Use financing history for venture capital research, private company benchmarking, competitive intelligence, and to build a single source of truth for private market transaction data.
Waterfall Analysis
Share Class Modeling
Model exit outcomes by share class, evaluate liquidation preferences, and identify mispriced securities relative to the cap stack.
Scenario-based waterfall analysis for private company exit outcomes. Supports OPM (Option Pricing Method), PWERM (Probability-Weighted Expected Return Method), and fair value allocation by share class. Evaluate liquidation preferences, participation rights, conversion behavior, and identify pricing mismatches between preferred and common stock. Audit-ready documentation for 409A valuations and portfolio reporting.
Portfolio Analysis
Benchmark & Monitor
Compare your cost basis to current fund marks and see how other investors are valuing their positions.
Benchmark your private company holdings against aggregated mutual fund marks, 409A valuations, and secondary market pricing. Monitor mark-to-market drift, identify outliers in your portfolio, and track how other institutional investors are valuing the same positions — crucial for LP reporting, GP review, and ongoing valuation governance.
Source Documents
COIs, EPENs, Annual Reports
Access hard-to-source regulatory filings to verify capital structure, confirm share class rights, and validate corporate actions.
Sector-level intelligence across AI, defense tech, climate tech, fintech, healthcare, cybersecurity, SaaS, robotics, biotech, consumer, and more. Compare private valuation multiples to public comparables, benchmark sector-level pricing trends, and identify emerging verticals. Used by VCs, corporate strategy teams, and asset managers for thematic investing and competitive intelligence.
Sector Analysis
Industry Verticals & Trends
Spot sector-level pricing trends, compare private vs. public comps, and benchmark valuation multiples across AI, fintech, biotech, and more.
Sector-level intelligence across AI, defense tech, climate tech, fintech, healthcare, cybersecurity, SaaS, robotics, biotech, consumer, and more. Compare private valuation multiples to public comparables, benchmark sector-level pricing trends, and identify emerging verticals. Used by VCs, corporate strategy teams, and asset managers for thematic investing and competitive intelligence.
NPM Price
Pricing Verified by the Market
Nasdaq Private Market Data and Intelligence aggregates six distinct pricing signals into a single, unified view of private company price per share and valuations. A transparent, white-box methodology that gives investors a defensible, institutional-grade price.
Daily Calculated Price
Daily algorithmic price estimates with time-series analysis
Bid & Offer History
6,000+ historical buy/sell indications from institutional brokers
409A Valuations
Fair market value of common stock across 4,000+ companies
Reported Trade Levels
Closed secondary transaction prices and volumes
Primary Rounds
PPS and valuations from fully diluted share counts
Mutual Fund Marks
20,000+ SEC-reported marks from hundreds of private funds
Built For Your Workflow
Built for How Teams Actually Work
Private market pricing, data, and market intelligence tools for informed decision-making across the ecosystem
Reporting
What was it worth?
Portfolio marks, quarterly valuations, and LP reporting — grounded in verified pricing, not stale or estimated data.
Diligence
Is this priced correctly?
Compare companies, validate term sheets, and assess deal pricing using current market signals.
Discovery
Where is the opportunity?
Identify companies trading at discounts, track shifts in pricing, and surface new investment targets.
Core Products
Biggest names
in the private markets
Search and explore private companies with verified pricing, ownership data, and market context. The data is here and it’s current.
Why NPM
How We Compare
The private market data provider comparison that matters. See how Nasdaq Private Market Data & Intelligence stacks up against legacy private company databases and market intelligence platforms.
Feature
Data & Intelligence by Nasdaq Private Market
Other Providers
Proprietary NPM Price algorithm
—
Secondary trade data from active marketplace
—
Waterfall + cap table analysis
Limited
Data from patented private market settlement platform
—
Bid/offer history
—
Data from the NPM data contributor network
—
Investor data
—
Sector Analysis
—
Repository of Private company source documents
Partial
409A + mutual fund mark aggregation
Partial
API via Nasdaq Data Link
—
ASC 820 / IFRS 13 aligned methodology
Varies
Human-in-the-loop quality controls
—
30+ years of private market data history
—
3rd Party Research reports
—
As of May 2026
plans
Choose The Right Level Of Access
From free NPM Price pricing access to full institutional API integration.
Free
$0
Get started for free
- NPM Price
- Company profiles
- Primary rounds + history
- 409A valuations
Plus
$100
Enhanced market data
- Everything in Free
- Reported trade levels
- Mutual fund marks
- Sacra research reports
- Fundamental analysis
Premium
Talk to Sales
Full platform access with API, cap table analysis, and dedicated account management.
- Everything in Plus
- Bid + Offer history
- Cap table + deal terms
- Waterfall analysis
- Portfolio analysis
- Sector analysis
- Source documents
- API access
- SFTP / S3 delivery
- Bulk data downloads
- Model integration support
- Custom delivery schedules
- Dedicated account management
- Redisplay and distribution
API & Partners
Powering the platforms behind the market
Through API access, teams integrate verified pricing and private market data directly into their workflows, models, and products.
Your Data Privacy + Protection Is Paramount
NPM maintains institutional-grade data governance with strict access controls, encryption, and compliance with financial industry data handling standards.
SOC 2 Type II
TLS 1.3 in transit
AES-256 encryption at rest
Role-based access controls
TESTIMONIALS
FAQ
Frequently Asked Questions
Tape D Price is an algorithmic estimate of daily private company share price, produced by an estimator grounded in statistical theory and calibrated on six independent market signals: reported secondary trades, bid/offer history, primary round prices, 409A valuations, mutual fund marks, and historical Tape D estimates. The methodology is aligned with the Level 2 Fair Value Hierarchy in ASC 820 and IFRS 13, with a defensible audit trail on every price.
NPM tracks firmographic, financing, and ownership data on 4,000+ venture-backed private companies — including emerging technology companies, unicorns, and pre-IPO startups. Daily Tape D pricing is produced for 500+ of the most liquid names across AI, fintech, biotech, defense tech, climate tech, cybersecurity, SaaS, healthcare, and consumer. New companies are added continuously as market activity and filings justify coverage.
Tape D Price is refreshed daily on market business days. Reported trade levels, bid/offer indications, and mutual fund marks are incorporated as they become available. Primary round data and 409A valuations are added continuously as filings are processed.
Yes. Tape D Price methodology is aligned with ASC 820 and IFRS 13, and our data products are purpose-built for portfolio marks, fund valuations, LP reporting, and audit-ready documentation. Every price carries a full signal trail and timestamped audit record suitable for review by auditors, valuation committees, and governance teams.
Legacy private company database providers typically offer firmographic and primary round coverage but lack proprietary pricing, aggregated secondary trade data, waterfall and cap table analysis, and source document repositories. NPM Data & Intelligence is uniquely positioned because it sits on top of Nasdaq Private Market’s active secondary marketplace — generating verified pricing signals that no pure-data competitor can replicate.
Yes. Full API access to pricing, firmographic, financing, and document data is available on the Premium tier and is distributed through Nasdaq Data Link. We also support SFTP and S3 delivery for bulk integration into valuation pipelines and data lakes.
Nasdaq Private Market operates an institutional secondary marketplace where private company shares are bought and sold. Data & Intelligence is the independent data product that aggregates pricing, ownership, and financing intelligence across the entire private market universe — informed by, but separate from, transaction activity on the NPM marketplace.
NPM Data & Intelligence provides private company comparable transactions through reported secondary trade levels that show where shares actually changed hands — including price per share, implied valuation, and monthly volume. Combined with primary round data, 409A valuations, and mutual fund marks, investors can triangulate valuations across multiple independent sources to benchmark deal pricing, validate term sheets, and support fair value analysis under ASC 820.
NPM Data & Intelligence differs from other private company information databases by combining proprietary daily pricing, aggregated secondary market pricing, waterfall and cap table analysis, and source documents in a single platform. NPM is an active secondary marketplace, and the only patented secondary market settlement platform, it generates verified pricing signals that data only providers cannot replicate.