Trumid joined the Unicorn Club on August 11, 2020, achieving unicorn status in just over 6 years. Headquartered in New York City, New York, United States, Trumid provides a digital trading platform for fixed-income securities and corporate bonds. Its Market Center 2.0 platform enables traders to access liquidity, manage orders, and interact with market data seamlessly. Trumid combines protocol flexibility, robust APIs, and real-time analytics to streamline bond trading for financial institutions.
Keep reading to see how Trumid became a leading investment technology platform for corporate bond markets.
What Is Trumid and What Does It Do?
Founded in 2014, Trumid offers an electronic trading platform designed for fixed-income securities and corporate bonds. The platform allows traders to connect with liquidity providers, execute trades efficiently, and access real-time market data through APIs.
Trumid emphasizes transparency, speed, and reliability, supporting market participants in optimizing trading strategies. Its Market Center 2.0 enhances workflow automation, order management, and trade execution, making it a preferred choice for investment banks, asset managers, and institutional traders.
How Much Funding Has Trumid Raised?
1. Series E Round
- Amount Raised: $208 million
- Date: October 12, 2021
- Purpose: Expand platform capabilities, enhance Market Center 2.0, and grow institutional client base
2. Earlier Rounds (Seed to Series D)
- Total Funding Before Series E: ~$514 million
- Key Investors: T. Rowe Price, Dragoneer Investment Group
- Purpose: Product development, market expansion, and technology scaling
Total Funding Raised: ~$722 million
Latest Funding Date: October 12, 2021
Latest Known Valuation: ~$2.4 billion
Employee Count: 27 (as of December 31, 2022)
Key Investors
1. T. Rowe Price
- Details: Global investment management firm investing in innovative financial technology companies.
- Focus Areas: Investment platforms, electronic trading, and financial market infrastructure.
2. Dragoneer Investment Group
- Details: Growth-stage investor focusing on technology-driven companies.
- Focus Areas: Fintech, trading platforms, and enterprise software solutions.
Where Is Trumid’s Headquarters?
Trumid is headquartered in New York City, New York, United States, where teams focus on platform development, electronic bond trading solutions, market analytics, and client support. The headquarters serves as a hub for engineering, trading infrastructure innovation, and customer success initiatives.
What’s Next for Trumid?
Trumid plans to enhance its Market Center 2.0 platform, expand liquidity options, and introduce advanced analytics tools for fixed-income trading. The company aims to scale globally, improve trading efficiency, and provide institutional clients with real-time insights and automated workflows.
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