Trumid

Trumid is a financial technology company bringing efficiency to credit trading through data, technology and beautifully simple products.

Trumid offers anonymous and efficient trading with low transaction costs.

Trumid was founded in 2014 by Ronnie Mateo. The company is headquartered in New York, New York.

 

Trumid Market Center, the company’s electronic trading and market intelligence platform, connects corporate bond market professionals to a broad network of liquidity and provides a range of trading protocols to access it. 

 

Trumid's platform receives streamed liquidity on over 10,000 bonds daily and 370 users from the sellside and buyside have transacted bilaterally using the AT protocol.

 

Trumid has differentiated itself by collaborating with market participants to create innovative trading solutions. Since its launch one year ago, Trumid’s Attributed Trading (AT) protocol has established a dominant position in dealer streaming and bilateral dealer-client trading.

 

Trumid is backed by Dragoneer Investment Group, TPG, Hillhouse Capital Group, BlackRock, T. Rowe Price Associates, DST Global, Arbor Ventures, Point Break Capital, Motive Partners, and others. The company raised $208M in new round on Oct 12, 2021. This brings Trumid's total funding to $660.3M to date. The latest round more than doubled the company's valuation to $2.4B, from the previous $1B gained after a financing raised in Aug 2020.

 

 

  • Year founded: 2014
  • Funding Info: $660.3M over 7 Rounds (Latest Funding Type: Venture- Series Unknown)
  • Yearly Revenue: NA
  • Employee Size: 51-200
  • Business Valuation: Valued at over $2.4B as of Oct 12, 2021
  • City/Town: New York
  • State: New York
  • Country: United States
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