Trumid Valuation, Funding & Investors

Trumid is valued at $2.4B as of October 2021.

Last Trumid valuation

$2.4B

Undisclosed stage · Oct 2021

Last Trumid funding round

$208M

Undisclosed stage · Oct 2021

Cumulative funding Trumid raised

$458M

across 7 funding rounds

Key investors in Trumid

Trumid Overview

About Trumid

Trumid is a New York-headquartered fintech platform for electronic fixed income trading, specializing in corporate bonds and credit default swaps. It connects buy-side institutions directly with dealers via low-latency protocols. Trumid processes billions in daily volume across U.S. and European markets.


Founded

2014

HQ

United StatesNew York City, NY

Website

trumid.com

Status

Privately held

Customer focus

B2B

Revenue model

Commission, Subscription

Valuation

$2.4B (Oct 2021)

Trumid Valuation

Trumid is currently valued at $2.4B, based on its undisclosed-stage round in October 2021.

The $208M round was led by Point Break Capital Management, with participation from Dragoneer, Motive Partners, Singapore Exchange, T. Rowe Price, BlackRock and 5 other investors.

Trumid's valuation has grown 32x from $75M at its Series A in March 2015 to $2.4B in October 2021, across 2 priced rounds.

Trumid valuation by funding round

Trumid valuation by funding round
DateStageValuation
Oct 2021Undisclosed stage$2.4B
Mar 2015Series A$75M

Trumid Funding History

Trumid has raised a total of $458M across 7 funding rounds.

Trumid's first fundraising round was a $8M Series A in March 2015. The most recent completed round was a $208M undisclosed-stage round in October 2021.

Trumid funding rounds

Trumid funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Oct 2021Undisclosed stagePoint Break Capital Management (lead); Dragoneer; Motive Partners; Singapore Exchange; T. Rowe Price; BlackRock; TPG; Senator Investment Group; DST Global; Phase 2 Partners; LAPA CAPITAL$208M$2.4BTrumid is a New York-based financial technology company founded in 2014 that operates an electronic trading platform for corporate bonds, enabling direct trading between investors. The platform has expanded to include emerging market debt and differentiates through market expertise, agile technology, and product design. In October 2021, Trumid completed a $208 million Series F financing round led by Point Break Capital Management, with participation from Motive Partners, Senator Investment Group, Phase2 Partners, and existing investors including Dragoneer Investment Group, TPG, DST Global, Singapore Exchange, BlackRock, and T. Rowe Price. The round valued Trumid at approximately $2.4 billion post-money, as reported by multiple sources covering the transaction. Proceeds are intended to enhance the platform's technology, add new trading protocols, asset classes, and geographic expansion, particularly in emerging markets aligned with the lead investor's LatAm expertise. BofA Securities acted as placement agent. Trumid demonstrated strong traction leading into the round, with daily trading volumes nearly seven times higher than two years prior and year-to-date average daily volume up 71% year-over-year in 2021. The platform captured over 10% market share in US electronic corporate bond trades year-to-date through August 2021, according to Coalition Greenwich, amid a pandemic-accelerated shift to electronic credit trading. Notional volumes surged more than 70% that year, positioning Trumid to capitalize on evolving credit market structures. This brought Trumid's total funding to over $660-711 million across multiple rounds, reflecting sustained investor interest from Wall Street firms and fintech specialists. The company appointed Bryan Harkins as Chief Revenue Officer to drive sales growth and expansions. Trumid operates in a booming fintech sector, with corporate-backed deals proliferating.
Jan 2021Undisclosed stageDragoneer (lead); DST Global (lead)$50M-Trumid is a financial technology company providing a fixed income electronic trading platform, focusing on corporate bonds and expanding into areas like emerging market debt. On January 13, 2021, it completed a $50 million financing round co-led by DST Global and Dragoneer Investment Group, which had led the prior August 2020 round. The investment was at a premium to the most recent prior financing, with proceeds used to repurchase shares from existing shareholders. The round capped a year of strong growth in 2020, with Trumid's Market Center platform seeing 374% year-over-year volume growth, client network expanding to 530 institutions, and daily active users growing 129%. Volumes had surged 500% to $23.4 billion in April 2020. This followed an August 2020 $200 million raise at over $1 billion valuation led by Dragoneer, with participants including TPG, BlackRock, and T. Rowe Price. Trumid differentiates through agile technology, product expertise, and 26 release cycles in 2020 to meet client needs. Investors highlighted its role in digitizing the corporate bond market and providing real-time insights. Subsequent developments included a November 2021 $208 million round at $2.4 billion valuation led by Point Break Capital, with participation from prior investors like DST, Dragoneer, and others, to expand platform, asset classes, and geographies.
May 2019Series DHillhouse Investment (lead)$60M-Trumid is a New York-based financial technology company operating an electronic trading platform for corporate bonds, leveraging data science and network effects to provide liquidity and market intelligence to credit market participants. Founded in 2014 by credit trading professionals, it had grown to serve over 425 buy-side and sell-side institutions by May 2019, with April 2019 marking a record month where transactions increased approximately 75% year-over-year. On May 14, 2019, Trumid announced a growth funding round totaling approximately $60 million, led by Hillhouse Capital, which acquired a minority stake. Existing investors Singapore Exchange (SGX) and Arbor Ventures participated alongside Hillhouse. The capital was earmarked for expanding Trumid's US corporate bond business, protocol enhancements, and product development, while strengthening ties with SGX in Asia. Trumid's president Mike Sobel highlighted Hillhouse's track record in supporting long-term growth. Hillhouse CEO Lei Zhang praised Trumid's innovative use of data and technology in corporate bond trading, expressing intent to aid global expansion. This round built on prior funding, including a $53 million growth equity round led by SGX in 2018. Post-round developments included the formation of a joint venture, XinTru, with SGX and Hillhouse to launch an Asian bond trading platform, aiming to enhance liquidity in Asian fixed income markets and facilitate cross-border access between Asian and US/emerging market credit.
Sep 2018Series DSingapore Exchange (lead); George Soros; Arbor Ventures; Peter Thiel; Deutsche Börse$58M-Trumid is a US-based electronic trading platform for corporate bonds, founded in 2014, that connects buy-side and sell-side institutions to improve liquidity in fixed income markets using network and data science. In September 2018, it raised $53 million in a growth funding round led by Singapore Exchange Limited (SGX), with participation from Deutsche Börse Group and others including Arbor Ventures, George Soros, and Peter Thiel, to scale US operations, expand protocols, products, and geographies, particularly accessing Asian markets via SGX's network. At the time, Trumid had over 400 institutional users and reported daily trading volume up three times year-over-year from Q2 2018 versus Q2 2017. The round built on prior investments, including a $27 million round in 2015 led by Peter Thiel with Soros Fund Management and Shumway Capital. A follow-on round in May 2019 raised approximately $60 million led by Hillhouse Capital with SGX and Arbor Ventures to further expand US corporate bond business. Trumid had merged with rival Electronifie the prior year and continued growing trading volumes significantly. Subsequent developments included additional funding such as $200 million in August 2020 led by Dragoneer with SGX and Deutsche Börse, and the 2021 round bringing total capital raised over $660 million by late 2021.
May 2017Series CDB1 Ventures (lead); Deutsche Börse (lead); Runway Venture Partners; CE Innovation Capital$38M-Trumid Financial is a New York-based fintech company founded in 2014 as a wholly-owned subsidiary of Trumid Holdings, providing an all-to-all electronic trading platform for corporate bonds and fixed income securities to enhance transparency, liquidity, and efficiency in an opaque market. The platform offers features like BondStream for streaming TRACE pricing data and Fair Value Model Pricing for pre-trade transparency. In 2017, Trumid reported significant growth, doubling daily trade volumes year-over-year, achieving US$5 billion in trading volume over the past three months, 80% growth in daily average order volume, and a 65% increase in daily active traders. Earlier in 2017, Trumid raised $28 million, including participation from Chinese firm CreditEase. In July 2017, Deutsche Börse invested $10 million via DB1 Ventures for a minority stake as an add-on to the prior financing, aiming to expand technology offerings and develop products for the European market. Trumid also expanded through the March 2017 acquisition of rival platform Electronifie, growing its user base by about 20%.
Nov 2015Series BDelphi Solar (lead); Founders Fund (lead); George Soros (lead); Runway Venture Partners; Julia Popowitz; SenaHill Partners; 1/0 Capital; LAPA CAPITAL$36M-Trumid is a New York-based fintech company providing an electronic trading platform for fixed-income securities, including corporate bonds, high-yield, distressed, and investment-grade bonds, as well as credit default swaps. Launched in 2014-2015, it operates as a FINRA-approved broker-dealer and SEC-registered ATS, focusing on modernizing bond trading with protocol flexibility, APIs, real-time analytics, and seamless workflows for institutional clients. By late 2015, it had 192 fully onboarded institutional clients (hedge funds, real money, sell-side), nearly 400 in onboarding, up from 63 at launch, targeting 250 by year-end and hundreds more in 2016. Related coverage notes a $27 million round announced October 2015 with Peter Thiel, Soros Fund Management, and Shumway Capital, and a $28 million round referenced in a merger context. These early funds supported product innovation, execution protocols, user experience improvements, and platform scaling amid evolving credit market structure. Trumid demonstrated early traction with significant trading volumes and client growth, positioning it as a key player in electronic credit trading. Subsequent rounds included $200 million growth capital in August 2020 at over $1 billion valuation led by Dragoneer (with TPG, BlackRock, T. Rowe Price), featuring 500% volume growth in 2020 across 500+ institutions, and $208 million in October 2021 led by Point Break Capital (with Motive Partners, Senator Investment, others). Total funding reached ~$722 million by 2021, with later valuations ~$2.4 billion or $5 billion cited.
Mar 2015Series AShumway Capital (lead); Red Bear Angels$8M$75MTrumid is a New York-based electronic trading platform for corporate bonds, launched in June 2014, offering anonymous trading sessions called 'swarms' across around 32,000 securities with low transaction costs. Shumway Capital led an $8.25 million Series A round for Trumid in March 2015. By late 2015, Trumid had 192 institutional clients fully onboarded, nearly 400 more in onboarding, and aimed for 250 by year-end.

Who has invested in Trumid?

26 investors have backed Trumid across its funding rounds, including DST Global, Dragoneer, Deutsche Börse, Runway Venture Partners, Singapore Exchange and LAPA CAPITAL.

Lead investors include Point Break Capital Management, Dragoneer, DST Global, Hillhouse Investment, Singapore Exchange and 6 other investors.


Trumid Investors

Investors in Trumid by funding rounds participated
InvestorHQRoundsRoleFirst check
DragoneerUnited StatesSan Francisco, CA2LeadJan 2021
Runway Venture PartnersUnited StatesNew York City, NY2ParticipantNov 2015
George SorosUnited StatesNew York City, NY2LeadNov 2015
Deutsche BörseGermanyFrankfurt2LeadMay 2017
Singapore ExchangeSingaporeSingapore2LeadSep 2018
DST GlobalCayman IslandsGeorge Town2LeadJan 2021
LAPA CAPITALUnited StatesNew York City, NY2ParticipantNov 2015
Shumway CapitalUnited StatesGreenwich, CT1LeadMar 2015
Arbor VenturesSingaporeSingapore1ParticipantSep 2018
Julia PopowitzUnited StatesSan Francisco, CA1ParticipantNov 2015
Peter ThielUnited StatesSan Francisco, CA1ParticipantSep 2018
SenaHill PartnersUnited StatesUnited States1ParticipantNov 2015
DB1 VenturesGermanyEschborn1LeadMay 2017

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Acquisitions by Trumid

Trumid has acquired 1 company to date.

Last acquisition by Trumid was on March 24th 2017. Trumid acquired Electronifie for undisclosed valuation.


Latest Acquisitions by Trumid

Electronifie
Description
Electronifie is a New York-headquartered electronic trading venue for corporate bonds registered as Electronifie Securities LLC with FINRA and SIPC membership. The platform facilitates block-sized trades in US investment-grade and high-yield bonds by institutional investors and market makers. Designed to minimize information leakage, it provides pre-trade price transparency to meet best execution requirements. Launched in 2015, Electronifie connects buy-side and sell-side participants for improved liquidity in the over-the-counter bond market.
HQ CountryUnited States
HQ City
New York City, NY
Deal Date24 Mar 2017
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Investments by Trumid

Trumid has invested in 1 company to date.

Latest investment by Trumid was on December 23rd 2025. Trumid invested in Architect in their $35M Series A round.


Latest Investments by Trumid

Architect
Description
Architect is a protocol building customizable trading infrastructure for digital assets across centralized and decentralized exchanges. Headquartered in Singapore, it enables institutional access to global crypto markets via modular APIs for order routing and liquidity aggregation. The project supports 50+ venues including Binance and Uniswap. Launched on Ethereum in 2023, Architect focuses on low-latency execution.
HQ CountryUnited States
HQ City
Chicago, IL
Deal Date23 Dec 2025
RoundSeries A
Raised$35M
InvestorsGalaxy Digital; Third Kind Venture Capital; Karatage; VanEck; Geneva Trading; Coinbase Ventures; Strobe Ventures; ARK Investment Management; CMT Digital; MIAX; Tioga Capital
Valuation$187M
EV/Revenue
EV/EBITDA

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Trumid Competitors

Trumid competitors include listed companies like Servyou Software Group, Ncino and Diebold Nixdorf, and private ones like Modern Treasury, Backbase and Thought Machine.

Public and private companies comparable to Trumid
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Servyou Software GroupChinaChinaPublicly listed$306M$35M$2.4B6.7x
NcinoUnited StatesUnited StatesPublicly listed$595M$65M$2.2B4.0x
Modern TreasuryUnited StatesSan Francisco, CAPrivate$9M-$2.2B-
BackbaseNetherlandsAmsterdamPrivate$230M-$2.6B11.4x
Diebold NixdorfUnited StatesUnited StatesPublicly listed$3.8B$329M$2.1B0.7x
Thought MachineUnited KingdomLondonPrivate$63M-$2.7B42.9x

Trumid Public Comps

Trumid is still privately-owned, but its public comps include Servyou Software Group, Tieto, Ncino, Diebold Nixdorf, iFAST Corp, Alkami Technology, Intapp, Aisino, Computer Age Management Services and AJ Bell.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Servyou Software Group$306M$35M7.5x6.7x66.0x45.1x
Tieto$2.1B$186M1.3x1.4x15.0x7.8x
Ncino$595M$65M4.2x4.0x38.4x15.5x
Diebold Nixdorf$3.8B$329M0.7x0.7x8.5x5.5x
iFAST Corp$349M$105M3.6x2.7x12.0x8.8x
Alkami Technology$444M($27M)5.2x4.6x(86.9x)26.9x
Intapp$578M($16M)4.5x4.4x(162.3x)20.6x
Aisino$829M($46M)1.6x-(29.8x)-

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Common questions about Trumid

When was Trumid founded?Trumid was founded in 2014.
Where is Trumid headquartered?Trumid is headquartered in New York City, NY, United States.
Is Trumid publicly listed?No, Trumid is a private, VC-backed company.
What is Trumid's valuation?Trumid was last valued at $2.4B in its undisclosed-stage round in October 2021.
How much funding has Trumid raised?Trumid has raised $458M across 7 funding rounds.
What was Trumid's last funding round?Trumid's last funding round was a $208M undisclosed-stage round in October 2021, led by Point Break Capital Management.
Who are Trumid's investors?Trumid's investors include Dragoneer, Runway Venture Partners, George Soros, Deutsche Börse, Singapore Exchange, DST Global, LAPA CAPITAL, Shumway Capital, Arbor Ventures, Julia Popowitz and 16 others.
Which companies are comparable to Trumid?Companies comparable to Trumid include Servyou Software Group, Ncino, Modern Treasury, Backbase, Diebold Nixdorf and Thought Machine.
How many companies has Trumid acquired?Trumid has acquired 1 company, including Electronifie.
How many companies has Trumid invested in?Trumid has invested in 1 company, including Architect.
What was Trumid's last investment?In December 2025, Trumid invested in Architect's $35M Series A alongside Galaxy Digital, Third Kind Venture Capital, Karatage and 8 other investors.

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