JP Morgan has become the first strategic bank investor in the securities trading platform provider.
Zanbato, a US-based online platform provider for the trading of venture capital-backed private shares, has received a strategic investment from financial services firm JP Morgan.
A regulatory filing indicated Zanbato had raised $20.5m of equity financing, but it is unclear whether JP Morgan provided the full amount or if other investors participated.
Zanbato operates ZX, an online inter-broker platform that enables broker-dealers and institutional investors to conduct secondary transactions in private companies.
Through the platform, customers also have access…
