Zanbato

Zanbato

Trading platform for private securities liquidity

Overview

Zanbato builds technology for private markets, aiming to improve liquidity and reliability. Its main product is ZX, an independent, SEC-registered Alternative Trading System where banks and brokers trade private stock for their clients. ZX facilitates price discovery, liquidity, and trade execution in a secure, regulated environment, and is used by more than 100 banks and brokers worldwide. The company makes money from transaction fees and service charges on trades processed through ZX. Compared with competitors, Zanbato operates an independent, regulated trading venue focused specifically on private-market securities and institutional clients, emphasizing transparency and access. Its goal is to make private markets more accessible and clear for investors and intermediaries.

About Zanbato

Simplify's Rating
Why Zanbato is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Fintech

Financial Services

Company Size

51-200

Company Stage

Late Stage VC

Total Funding

$39.5M

Headquarters

Mountain View, California

Founded

2010

Get referred to Zanbato

See people who can refer or advise you

Simplify Jobs

Simplify's Take

What believers are saying

  • January 2026 ZX index rose 2.1%, showing continued private-market demand.
  • April 2026 fund marks showed 42.6% appreciation, validating Zanbato's pricing signals.
  • Zanbato filed Private Growth Fund II in May 2026, expanding capital and deal flow.

What critics are saying

  • Zanbato depends on thin secondary liquidity; January 2026 bids were only 44% of tickets.
  • ZX spreads stayed wide at 12% in January 2026, limiting execution quality and adoption.
  • An SEC or FINRA enforcement action against ATS rules would threaten ZX operations immediately.

What makes Zanbato unique

  • ZX is an SEC-registered ATS for private shares, not just data or matchmaking.
  • Zanbato publishes proprietary secondary-market indices, bid-ask spreads, and fund marks on ZXData.
  • Its 2026 reports track xAI, Cerebras, SpaceX, and Anthropic activity across private markets.

Help us improve and share your feedback! Did you find this helpful?

Funding

Total Funding

$39.5M

Below

Industry Average

Funded Over

5 Rounds

Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Benefits

Medical, dental, and vision coverage

Company stock options

401k

Flexible vacation time

12 weeks paid parental leave

Professional development stipend for continuing education

Catered lunch daily

Snack and beverages in-office

Weekly 10% time to devote to a new skill or side project

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

0%

2 year growth

-1%
Bloomberg
Sep 13th, 2021
Zanbato, Inc hires Akrati Johari

Zanbato Inc. has hired Akrati Johari to help the platform for trading shares in private companies expand as investors increasingly look to trade stocks before they go public.

Recently Posted Jobs

Sign up to get curated job recommendations

There are no jobs for Zanbato right now.

Find jobs on Simplify and start your career today

We update Zanbato's jobs every few hours, so check again soon! Browse all jobs →