Caplight Technologies announced it raised $16 million in Series A funding to expand its private market data and transaction infrastructure platform. The round was led by BlackRock and Fin Capital, with strategic participation from UBS Investment Bank. LEAP Global Partners also co-led the round. Existing backers DB1 Ventures, the corporate venture arm of Deutsche Börse Group, Better Tomorrow Ventures, Clocktower Ventures, and Dash Fund also increased their positions.
Caplight plans to use the funding to expand across private market data and agentic workflows for research and transactions. The company said the round extends its lead in venture secondary data and supports its mission to improve transparency, data infrastructure, and liquidity across private markets.
Caplight provides a platform that unifies private markets data and investing. The platform includes 100,000 company and investor profiles, $4 trillion in funding round data, more than $300 billion in proprietary secondary data, and more than $5 billion in daily live transaction flow.
The company said its customers collectively manage more than $52 trillion in assets and access Caplight through its platform, API, and MCP server.
Caplight’s data shows that venture capital has grown into a more than $12 trillion asset class over the past three years. The company said this growth has outpaced the infrastructure needed to navigate private markets efficiently.
BlackRock joined the round as a strategic investor. The investment establishes a framework for future collaboration across BlackRock’s private markets and technology ecosystem, including Aladdin and Preqin.
Caplight was founded in 2021 by Javier Avalos and Justin Moore and is based in San Francisco. The company is building data and transaction infrastructure for venture capital by combining proprietary private company data with a marketplace that connects investors and broker-dealers for secondary market liquidity.
Securities transactions are offered through Caplight Markets LLC, a member of FINRA/SIPC.
KEY QUOTES:
“Transparency unlocks private markets for institutional investors. We give the world’s best investors the data they need to understand the venture market and the infrastructure to participate in it. In an age where proprietary data is at a premium, we’re proud to be their source of truth.”
Javier Avalos, CEO of Caplight
“With private markets becoming a growing part of portfolios, investors are increasingly demanding better data, transparency, and efficient secondary market infrastructure. We believe Caplight is well positioned to serve these evolving client needs and are excited to support the company as it continues to scale its business.”
Kunal Khara, Senior Managing Director and Global Head of Aladdin Product at BlackRock
