Clear Street is a fintech prime broker building modern infrastructure for capital markets.
Clear Street’s mission is to build better infrastructure to improve market access for all participants.
Clear Street was founded in 2018 by Chris Pento and Sachin Kumar. The company is headquartered in New York, NY.
Clear Street has built a proprietary, cloud-native, clearing and custody system to replace the legacy infrastructure used across capital markets – improving speed, access, and service for its clients.
Clear Street’s first product is its equity finance platform, which processes more than $10 billion in trades every day. The company's platform is integrated with central clearing houses and exchanges.
Clear Streets single-source platform to serves all investor types, across all asset classes, globally. Clear Street has onboarded more than 150 institutional prime brokerage clients and expanded its service areas in capital introduction, repo, securities lending, risk, and operations.
Clear Street is backed by Prysm Capital, IMC Investments, NextGen Venture Partners, Walleye Capital, Belvedere, NEAR Foundation, McLaren Strategic Ventures, Validus Growth Investors, and others. The company raised an additional $270M in Series B round on Apr 11, 2023. This is an extension of its previous $165M in May 2022, bringing Series B total to $435M. The additional investment brings Clear Street's overall funding to $605M to date. The latest round values the company at a $2B post-money. Clear Street was previously valued at $1.7B in the 1st tranche of Series B raised in May 2022.