Total amount raised
$605 Millions
Latest funding date
04/01/2023
Location
Clear Street has raised $1.0 billion in capital, supporting its operations and growth in the brokerage ecosystem. The company services hundreds of institutional clients and manages approximately $60 billion in customer balances.
Keep reading to explore the intricacies of Clear Street's fundraising journey and the investors backing this innovative platform.
What Is Clear Street?
Clear Street is a company dedicated to modernizing the brokerage ecosystem by offering institutional services, professional clearing, and active trader support. Founded in New York, the company operates from 4 World Trade Center, 150 Greenwich St Floor 45, New York, NY 10007.
While the exact founding year and the names of the founders are not available, Clear Street has grown significantly, employing over 600 people worldwide. The company aims to address inefficiencies in the financial industry caused by outdated infrastructure.
Clear Street provides a revolutionary portfolio, trading, and risk management system designed to drive alpha and power decision-making. Their services cater to emerging and established firms, market-making, futures clearing participants, and professional trading groups.
How Much Funding Has Clear Street Raised?
- Series A
- Amount Raised: $35M
- Date: November 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's initial growth and development of its platform.
- Debt Financing
- Amount Raised: $25M
- Date: December 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide working capital and support operational expenses.
- Debt Financing
- Amount Raised: $50M
- Date: October 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's financial capabilities and support growth initiatives.
- Debt Financing
- Amount Raised: $60M
- Date: May 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance liquidity and support strategic investments.
- Series B (First Part)
- Amount Raised: $165M
- Date: May 2022
- Lead Investors: Prysm Capital
- Valuation at Round: $1.7 billion
- Motivation Behind the Round: To support the company's growth and acquisition of new customers.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: February 2023
- Lead Investors: IMC Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand into new markets and asset classes.
- Series B (Second Part)
- Amount Raised: $270M
- Date: April 2023
- Lead Investors: Prysm Capital
- Valuation at Round: $2 billion
- Motivation Behind the Round: To expand into new markets and asset classes and support the clearing needs of market makers.
Total amount raised: $605M. Current valuation: $2 billion.
Key Investors
- Prysm Capital
- Details: Prysm Capital is a growth equity firm that led both tranches of Clear Street's Series B funding round. The firm focuses on investing in high-growth companies in the technology and healthcare sectors.
- Investment Focus Areas: Technology, healthcare, financial services
- Notable Investments: Clear Street, not publicly disclosed, not publicly disclosed
- NextGen Venture Partners
- Details: NextGen Venture Partners is a venture capital firm that invests in early-stage technology companies. The firm participated in Clear Street's funding rounds.
- Investment Focus Areas: Early-stage technology companies
- Notable Investments: Various early-stage technology startups, not publicly disclosed, not publicly disclosed
- IMC Investments
- Details: IMC Investments is the venture capital arm of IMC, a proprietary trading firm and global market maker. The firm focuses on financial technology and market infrastructure investments.
- Investment Focus Areas: Financial technology, market infrastructure
- Notable Investments: Clear Street, not publicly disclosed, not publicly disclosed
- Walleye Capital
- Details: Walleye Capital is an investment firm that participated in Clear Street's funding rounds. The firm invests in a variety of sectors, including technology and financial services.
- Investment Focus Areas: Technology, financial services
- Notable Investments: Not publicly disclosed, not publicly disclosed, not publicly disclosed
- Belvedere
- Details: Belvedere is an investment firm that participated in Clear Street's funding rounds. The firm focuses on investments in financial services and technology.
- Investment Focus Areas: Financial services, technology
- Notable Investments: Not publicly disclosed, not publicly disclosed, not publicly disclosed
What's Next for Clear Street?
Clear Street is poised for significant growth, driven by its recent $270 million investment at a $2 billion valuation. The company plans to expand its customer base and enhance its cloud-based platform, capitalizing on the increasing reliance on modern financial technology. With a platform that processes $10 billion in daily transactions, the opportunities for market penetration are vast.
Future fundraising seems likely as Clear Street continues to grow, potentially attracting more equity investments and strategic partnerships. However, the company will need to navigate challenges such as competition from other fintech firms and the complexities of scaling its infrastructure. Maintaining its growth momentum while managing regulatory hurdles will be crucial for Clear Street's continued success.
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