Nasdaq Private Market
Depends
Confidence: Medium
Fit for late-stage private companies, funds, and institutions needing share liquidity, transfer, or pricing infrastructure.
New check
Comparison
Nasdaq Private Market and Carta both land on Depends.
Fit for late-stage private companies, funds, and institutions needing share liquidity, transfer, or pricing infrastructure.
Buy if you're a venture-backed startup or VC fund that needs the market-standard cap table and fund-admin suite.
| Compare | ||
|---|---|---|
| Verdict | Depends | Depends |
| Best for | Late-stage companies running tender offers | Venture-backed startups with complex cap tables |
| Who it's not for | Retail investors hunting pre-IPO flips | Pre-seed startups with a simple cap table . use a spreadsheet |
| Privacy | No known public vulnerabilities found in the sources reviewed. | Carta runs a public trust center and bug bounty, but had a 2024 customer-data privacy breach that forced it to shut its trading platform.14 |
| Support quality | No user support evidence | Complaints on Software Advice and Trustpilot |
| Public sentiment | Independent user reviews are essentially absent; public sources describe the company's products, not customer experience.10 | G2 ratings are solid but Reddit, Trustpilot, and Software Advice surface pricing, support, and trust complaints.12 |
| Biggest gotcha | Pricing is opaque; expect negotiated enterprise contracts, not self-serve checkout.¹ | 2024 breach: customer data was misused to contact other customers' investors; trading platform shut down.14 |