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Unparalleled transparency into price factors driving valuations.
Comprehensive data insights powered by Nasdaq Private Market.
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Diligence companies and monitor pricing using a comprehensive dataset on Tape D™.
Data Built for Today’s Secondary Market Investors
4K+ Companies Tracked
Firmographic data on venture-backed private companies.
175K+ Pages of Filings
Financing data sourced from publicly available company filings.
2K+ Price Histories
Proprietary company share price data generated algorithmically.
1.7M+ Deal Terms
Cap table and fundraising deal terms extracted into structured data.
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Key Components of Tape D^™^ Pricing
Tape D Daily Price
Access real-time estimated prices and daily price histories for the most actively-traded names.
Reported Trade Levels
Source monthly aggregated closed trade data through SecondMarket and NPM’s data contribution network.
Bid + Offer History
Track historical market order indications aggregated across the NPM network of investors and brokers.
Primary Rounds
View detailed round information and estimated valuation using NPM’s proprietary methodology.
409A Valuations
Gain insights into fair market value of common stock based on accounting disclosures.
Mutual Fund Marks
Search mutual funds or company names to mark-to-market specific to each share class.
Tape D^™^ Price Components
Tape D Daily Price
Understand the daily price movements of liquid companies with the Tape D™ Daily Price. Our proprietary methodology uses advanced signal processing to estimate the intrinsic value of private companies, enabling time series analysis and comparison against other companies or sectors.
Reported Trade Levels
Monitor where secondary transactions are clearing across the market via closed trade levels. See the total transaction volume generated by NPM and the company’s data contribution partner network, along with the average PPS and implied valuation for each month with activity.
Bid + Offer History
See where the secondary market is valuing private company shares based on over 6,000 historical buy and sell indications collected by NPM and the company’s network of institutional brokers, banks and investors. Track market activity, bid/ask spreads, and whether implied valuations are a premium (or discount) to the last primary round.
Primary Rounds
Tape D™ provides detailed information on the price per share and estimated valuation of each primary round. These valuations are calculated based on fully diluted shares outstanding, tracked using NPM’s proprietary methodology and issued share count estimates.
409A Valuations
Gain insights into the fair market value (FMV) of common stock for over 4,000 private companies. Leverages reported data to provide a clear view of whether the FMV of common stock is increasing or decreasing. This valuable information helps you stay informed about market trends and make data-driven investment decisions.
Mutual Fund Marks
Tape D™ makes it simple to see how mutual funds mark the value of their private stock, leveraging data reported to the SEC. With over 20,000 marks collected from hundreds of private funds, you can easily filter by specific parent entities or time period and understand distinctions between how common and preferred stock are valued.
Who Benefits from Tape D^™^?
Request Access eastVenture Capitalists
Leverage daily pricing estimates that provide transparency between primary rounds, ensuring accurate portfolio marks, supported by secondary activity and valuation data.
Asset Managers
Access scenario-based waterfall analysis to evaluate exit outcomes and shareholder distributions using filings data, including share count, liquidation preference and participation rights.
Secondary Investors
View aggregated bid+offer pricing and transaction data to assess how their orders against compare to market activity, helping identify liquidity and opportunities in private assets.
Financing History
Track the financing history of private companies through detailed Form D filings with Edgar. Get key insights into PPS, amounts raised, total capital raised over time, and estimated valuation history, offering a transparent look into a company’s funding journey.
Pricing Data
Gain unmatched visibility into the price history of private companies with data from multiple sources, including NPM’s Tape D™ Price, reported closed trades, bid/offer orders, 409a valuations, mutual fund marks, and other important pricing indicators.
Waterfall Analysis
Evaluate different share classes and their distribution prices per share with our advanced Waterfall Analysis. Explore breakpoints based on various exit values and uncover how each unique capital structure impacts shareholder returns.
Portfolio Analysis
Analyze your portfolio’s performance over time. Compare your cost basis to current fund marks and see how other investors are valuing their positions to assess your portfolio’s standing.
Source Documents
Access a comprehensive library of crucial regulatory filings, including COIs, EPENs, LOENs, annual reports, and more. Leverage hard-to-source documents to make more informed investment decisions.
Your Data Privacy + Protection is Paramount
Your Consent is Required
At NPM, we prioritize your data privacy and protection. We never share your personal information without your explicit consent.
Secure Environment
Data is anonymized and aggregated for privacy, and we employ state-of-the art technology to secure data within our systems.