# Nasdaq

Nasdaq is an Asset Manager based in Richmond, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Richmond, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 1971
- **Assets under management:** Undisclosed
- **Website:** nasdaq.com
- **LinkedIn:** https://www.linkedin.com/company/nasdaq

## About

Nasdaq is an SEC-registered investment adviser in Richmond, VA, registered since 1987. The firm manages approximately $1.0 billion in regulatory assets. It has 25 employees and 14 investment advisers.

## Sectors

- FinTech
- Enterprise Software
- AI/ML
- RegTech

## Offices

- San Francisco, CA
- Menlo Park, CA
- Foster City, CA
- Los Angeles, CA
- Paris, France
- Seoul, South Korea

## People

- Tal Cohen — Co-President

## Questions

### Who runs Nasdaq Ventures?

Nasdaq Ventures sits inside the firm's Corporate Strategy function and reports to senior leadership, which includes Co-President Tal Cohen. Cohen oversees the market-platforms and capital-access segments that interact directly with the technologies Nasdaq Ventures backs. Nasdaq has not designated a standalone Ventures managing partner in public disclosures.

### How does Nasdaq Ventures source proprietary deal flow?

Deal flow derives from Nasdaq's position as an exchange operator and technology vendor to over 130 market-infrastructure clients. Portfolio companies frequently emerge from the firm's own product and technology roadmap, and the Ventures group evaluates solutions that can serve Nasdaq's listed companies, exchange clients, and internal modernization efforts before taking an equity stake.

### Does Nasdaq Ventures invest off Nasdaq's balance sheet or raise external funds?

Nasdaq Ventures deploys corporate balance-sheet capital. It does not raise third-party LP commitments, operate as a registered investment adviser for outside investors, or charge external management fees, which distinguishes it from a traditional venture fund.

### Which sectors does Nasdaq Ventures explicitly avoid?

Nasdaq Ventures does not publish a formal exclusion list, but its portfolio and public commentary focus exclusively on FinTech, RegTech, data, and enterprise software. It has not disclosed investments in consumer internet, biotech, physical infrastructure, or unrelated deep tech.

### How is Nasdaq Ventures related to the Nasdaq Entrepreneurial Center and the Nasdaq Foundation?

Nasdaq Ventures is an investment function deploying equity capital; the Nasdaq Entrepreneurial Center and the Nasdaq Foundation are separately governed non-profit initiatives focused on education, access to entrepreneurship, and community giving. The Ventures unit is not a grant-making or philanthropic vehicle.

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- [Marathon Health](https://altss.com/profile/marathon-health)

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Last updated: 2026-06-03T20:00:00.000Z

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