Clear Street has raised over $650 million across multiple funding rounds, backed by top investors such as Prysm Capital and NextGen Venture Partners. The company provides a modern trade lifecycle management platform for brokerages, enabling electronic and high-touch trading, multi-asset clearing and custody, and real-time reporting.
What Is Clear Street and What Does It Do?
Clear Street, founded in 2018 and headquartered in New York City, operates from 4 World Trade Center, 150 Greenwich St, Floor 45. The company modernizes the brokerage ecosystem by offering institutional services, professional clearing, and active trader support.
Clear Street provides a revolutionary portfolio, trading, and risk management system that enhances efficiency and decision-making for emerging and established firms, market-makers, futures clearing participants, and professional trading groups.
With a workforce of 51-200 employees, Clear Street addresses inefficiencies in financial infrastructure while supporting global trading operations.
How Much Funding Has Clear Street Raised?
1. Debt Financing
- Amount Raised: $25M
- Date: December 2019
- Motivation: To provide working capital and support operational expenses.
2. Debt Financing
- Amount Raised: $50M
- Date: October 2020
- Motivation: To expand the company's financial capabilities and support growth initiatives.
3. Debt Financing
- Amount Raised: $60M
- Date: May 2021
- Motivation: To enhance liquidity and support strategic investments.
4. Series A
- Amount Raised: $35M
- Date: November 2021
- Motivation: To support the company's initial growth and platform development.
5. Series B (First Part)
- Amount Raised: $165M
- Date: May 2022
- Lead Investors: Prysm Capital
- Motivation: To support the growth and acquisition of new customers.
6. Series B (Second Part)
- Amount Raised: $270M
- Date: April 2023
- Lead Investors: Prysm Capital
- Motivation: To expand into new markets, support clearing needs of market makers, and enhance platform capabilities.
Total Funding Raised: $650 Million
Current Valuation: $2 Billion (as of April 2023)
Latest Funding Date: April 2023
Key Investors
1. Prysm Capital
- Details: Growth equity firm that led both tranches of Clear Street's Series B funding rounds.
- Investment Focus Areas: Technology, healthcare, financial services
- Notable Investments: Clear Street
2. NextGen Venture Partners
- Details: Venture capital firm investing in early-stage technology companies.
- Investment Focus Areas: Early-stage technology startups
- Notable Investments: Various early-stage technology companies
3. IMC Investments
- Details: Venture capital arm of IMC, a proprietary trading firm, and global market maker.
- Investment Focus Areas: Financial technology, market infrastructure
- Notable Investments: Clear Street
Where Is Clear Street’s Headquarters?
Clear Street is headquartered in New York City, providing access to financial markets, talent, and strategic partnerships essential for modern brokerage operations.
What’s Next for Clear Street?
Clear Street plans to expand its customer base, enhance its cloud-based platform, and capitalize on the growing reliance on modern financial technology. With a platform processing $10 billion in daily transactions, the market presents substantial opportunities.
Future fundraising appears likely as the company continues to scale, attract equity investments, and form strategic partnerships. Maintaining growth momentum while navigating regulatory challenges and competition will be key to Clear Street's continued success.
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