Fintech Startup Clear Street Raises $270M At A $2B Valuation

Apr 11, 2023•over 2 years ago

Amount Raised

$270 Million

New YorkFinancial Services

Investors

Validus Growth InvestorsMc Laren Strategic VenturesNear FoundationBelvedereWalleye CapitalImc InvestmentsNext Gen Venture PartnersPrysmClear StreetPrysm Capital

Description

Clear Street, which says it is building “modern infrastructure” for capital markets, has raised $270 million in the second tranche of a Series B funding round at a $2 billion valuation.

Company Information

Company

Clear Street

Location

New York, New York, United States

About

Launched in 2018 by industry veterans, Clear Street is a financial technology company building better infrastructure for capital markets. Clear Street's first product is its cloud-based prime brokerage platform, which provides clients everything they need to trade U.S. equities and options. Future products will expand across geographies, asset classes, and be available to all market participants, including fintechs, market makers, and professional traders. Clear Street's cloud-native infrastructure is flexible, scalable, secure, and reliable. Clear Street clients are able to trade sooner and smarter - processing more than $3 billion in trades every day. For more information visit https://clearstreet.io/.

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Based on industry data

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VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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