Total amount raised
$458.3 Millions
Latest funding date
10/01/2021
Location
Trumid has successfully raised significant funding through multiple rounds, with backing from prominent investors such as T. Rowe Price and Point Break Capital Management. The platform offers a comprehensive electronic trading solution, featuring personalized user experiences, protocol flexibility, and integrated real-time data and analytics tools.
Keep reading to explore the intricacies of Trumid's fundraising journey and the investors backing this innovative platform.
What Is Trumid?
Trumid, founded in June 2014, is a financial technology company based in New York, New York. The company was established by Ronnie Mateo and focuses on optimizing the credit trading experience through its electronic trading platform.
Trumid's platform offers a personalized user experience, protocol flexibility, and integrated real-time data and analytics tools. The company combines agile technology and market expertise to deliver a differentiated trading solution tailored to credit market participants.
With a team of 51-100 employees, Trumid continues to innovate in the financial technology space, providing efficient and effective trading solutions for its community of users.
How Much Funding Has Trumid Raised?
- Series A
- Amount Raised: $8.3M
- Date: March 2015
- Lead Investors: Shumway Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial version of the trading platform and attract early users.
- Series B
- Amount Raised: $36M
- Date: November 2015
- Lead Investors: Delphi Solar, Founders Fund, George Soros
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and increase market penetration.
- Series C
- Amount Raised: $38M
- Date: May 2017
- Lead Investors: DB1 Ventures, Deutsche Borse
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technology and expand the user base.
- Series D
- Amount Raised: $58M
- Date: September 2018
- Lead Investors: Singapore Exchange Limited
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enter new markets.
- Series D
- Amount Raised: $60M
- Date: May 2019
- Lead Investors: Hillhouse Investment
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and support international expansion.
- Private Equity Round
- Amount Raised: $50M
- Date: January 2021
- Lead Investors: Dragoneer Investment Group, DST Global
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance platform features and expand into new asset classes.
- Private Equity Round
- Amount Raised: $208M
- Date: October 2021
- Lead Investors: Point Break Capital Management
- Valuation at Round: $2.4 billion
- Motivation Behind the Round: To further develop the platform and expand into new asset classes and geographical areas.
Total Amount Raised: $458.3M. Current Valuation: $2.4 billion.
Key Investors
Here are some of the major investors in Trumid:
- Point Break Capital Management
- Details: Point Break Capital Management is a leading private investment firm that led Trumid's $208 million financing round.
- Investment Focus Areas: Private investments.
- Notable Investments: Specific notable investments are not mentioned in the sources.
- Dragoneer Investment Group
- Details: Dragoneer Investment Group is known for investing in high-growth companies and has been an existing investor in Trumid.
- Investment Focus Areas: High-growth companies.
- Notable Investments: Specific notable investments are not mentioned in the sources.
- Singapore Exchange Limited (SGX)
- Details: SGX is a major trading exchange operator and an existing investor in Trumid.
- Investment Focus Areas: Financial markets, related technologies.
- Notable Investments: Specific notable investments are not mentioned in the sources.
- Hillhouse Investment
- Details: Hillhouse Investment is a global investment firm that participated in Trumid's Series D round.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Specific notable investments are not mentioned in the sources.
- DB1 Ventures
- Details: DB1 Ventures is the corporate venture capital arm of Deutsche Börse Group and has invested in Trumid.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Specific notable investments are not mentioned in the sources.
What's Next for Trumid?
Trumid's future looks promising with opportunities to expand into new asset classes and geographical areas. The recent $208 million funding round, led by Point Break Capital Management, underscores the significant market potential. As the fintech space continues to grow, Trumid is well-positioned to capitalize on these opportunities.
Future fundraising rounds are likely as Trumid scales its platform and increases trading volumes. However, the company will need to navigate intense competition and regulatory challenges in different regions. Continuous innovation and strategic partnerships will be crucial for sustaining growth and maintaining a competitive edge in the evolving credit market.
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