The venture capital asset class has ballooned to over $12 trillion in three years, yet the existing infrastructure lags behind this growth. Caplight intends to bridge this gap by unifying fragmented private market data into a single platform that hosts 100,000 company profiles and tracks $5 billion in daily live transaction flow. Clients currently utilizing the system manage a combined $52 trillion in assets.

BlackRock’s involvement signals a push to integrate Caplight’s proprietary datasets into broader ecosystems, including the Aladdin platform and Preqin. Javier Avalos, CEO of Caplight, stated that the company provides the transparency required for institutional investors to navigate the venture landscape effectively. Following this round, the company plans to scale its transaction infrastructure and enhance its secondary market liquidity offerings. LEAP Global Partners co-led the round, while existing investors including DB1 Ventures and Better Tomorrow Ventures also increased their financial commitments.