Trumid Financial secures $200M in latest funding round

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Trumid Financial, LLC, announced that it secured $200 million in growth capital investment from the Dragoneer Investment Group in its latest funding round.

TPG, with funds and accounts managed by BlackRock and T. Rowe Price Associates, Inc. became new Trumid investors, joining Dragoneer in supporting the financial tech and electronic trading platform. Financial Technology Partners (“FT Partners”) served as a financial advisor to Trumid on this transaction.

The Dragoneer investments put Trumid over the top by more than doubling the trading platform’s valuation to over $1 billion since last May. The new funds will support the continued growth and expansion of the innovative fixed income electronic trading platform.

The capital that Dragoneer brings with this financing will support the expansion of Trumid’s trading protocols that will allow extension into adjacent products and areas. 

In 2020, Trumid has been experiencing robust growth in activity on the trading platform. Volumes are up nearly 500% across its network of over 500 institutions. Spiking trading volumes and surging user growth is a hallmark of the fintech disruptor.