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’s product ecosystem leverages data and the power of the network effect to create transparency, liquidity and efficient trade execution.

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. The 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, Arbor Ventures, and others. The company raised $200M in growth capital investment on Aug 12, 2020. This brings Trumid's total funding to $402.3M to date. The new round values the company at over $1B post-money.

 

 

  • Year founded: 2014
  • Funding Info: $402.3M over 5 Rounds (Latest Funding Type: Venture- Growth Equity)- Trumid has also acquired Electronifie on Mar 24, 2017
  • Yearly Revenue: $20M-$50M (2019)
  • Employee Size: 51-200
  • Business Valuation: Valued at over $1B as of August 12, 2020
  • City/Town: New York
  • State: New York
  • Country: United States
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