Trumid Announces New Financing Round
Share Article NEW YORK (PRWEB) January 13, 2021 Trumid, a financial technology company and fixed income electronic trading platform, today announced the completion of a $50 million financing co-led by new investor DST Global and Dragoneer Investment Group, which led Trumid’s financing in August 2020. The investment values the company at a premium to the most recent financing. Proceeds will be used to repurchase shares from existing shareholders.
The financing caps a year of exceptional growth at Trumid. Its Market Center trading platform experienced 374% year-over-year volume growth. Trumid’s client network expanded to 530 institutions and the number of users executing a trade on the platform each day grew by 129%. Trumid continues to differentiate itself through nimble technology and product expertise, with 26 technology release cycles to meet its clients’ needs du