About Electronic Transaction Clearing
Electronic Transaction Clearing is a company based in Los Angeles (United States) founded in 2007, and was acquired by PEAK6 in September 2019. Clearing custodian firm. Electronic Transaction Clearing has raised $11.26 million across 3 funding rounds from investors including Cerberus Capital Management, Quantlab and PEAK6. Its legal entity is Maine Potato Growers, Inc.
Company details
Electronic Transaction Clearing, Inc. was founded in 2007 in Los Angeles, United States, and operates as a clearing and custodian firm within the financial sector. Services are extended to broker-dealers, alternative trading systems, routing firms, professional trading entities, hedge funds, institutions, and emerging managers. Custody solutions, executive solutions, clearing solutions, and settlement solutions are offered to support transaction processing and asset management.
- Headquarters Los Angeles, United States
- Stage Acquired
- Email••••••••
- Phone•••• ••••
- Website etc-clearing.com
- Acquired by PEAK6 (Sep 2019)
- Legal Name Maine Potato Growers, Inc
- Total Equity Funding$11.26M (USD)
in 3 rounds
- Latest Funding Round$68M (USD), Debt – Conventional
Jul 2017
- InvestorsCerberus Capital Management
& 2 more
- Acquired byPEAK6
(Sep 2019)
Funding Insights of Electronic Transaction Clearing
Electronic Transaction Clearing has successfully raised a total of $11.26M across 3 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $68 million completed in July 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $11.26M
- Total Rounds 3
- Last Round Debt – Conventional — $68M
- First Round $2.46M
(Jul 2009)
- Investors Count 2
All 3 funding rounds of Electronic Transaction Clearing with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2017 | $68M | Debt – Conventional | – | – | |
| Sep 2012 | $8.8M | Series A | – | – | – |
| Jul 2009 | $2.46M | Seed | – | – | – |
3 investors in total: 3 institutional.
Investors in Electronic Transaction Clearing
Electronic Transaction Clearing has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Cerberus Capital Management, Quantlab and PEAK6.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity and debt firm focused on multiple sectors | cerberus.com | New York, United States | ||
Investment firm focused on finance and technology opportunities. | peak6.com | |||
Quantlab is engaged in automated proprietary trading activities. | quantlab.com | Houston, USA |
Investor details for Electronic Transaction Clearing
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Electronic Transaction Clearing
4 dated milestones of Electronic Transaction Clearing across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Electronic Transaction Clearing is founded.
- Funding First funding round of $2.5M.
- Funding Latest funding round, Debt – Conventional, of $68.0M.
- Exit Acquired by PEAK6.
Web traffic of Electronic Transaction Clearing
Websites that share an audience with Electronic Transaction Clearing (etc-clearing.com).
Websites whose visitors overlap most with Electronic Transaction Clearing. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| wedbush.com | 100% | 137.2K | #255,708 | View details | |
thetradepros.com | thetradepros.com | 100% | – | ||
sterlingtrader.com | sterlingtrader.com | 100% | – | ||
centerpointsecurities.com | centerpointsecurities.com | 87% | #567,393 | – | |
investorshub.advfn.com | investorshub.advfn.com | 86% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 8 similar websites and full traffic analytics for Electronic Transaction Clearing
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 8 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
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Frequently Asked Questions about Electronic Transaction Clearing
Electronic Transaction Clearing was founded in 2007 and raised its 1st funding round 2 years after it was founded.
Electronic Transaction Clearing is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Electronic Transaction Clearing is a funded company, having raised a total of $11.26M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2.46M, raised on Jul 2009.
Electronic Transaction Clearing, Inc. was founded in 2007 in Los Angeles, United States, and operates as a clearing and custodian firm within the financial sector. Services are extended to broker-dealers, alternative trading systems, routing firms, professional trading entities, hedge funds, institutions, and emerging managers. Custody solutions, executive solutions, clearing solutions, and settlement solutions are offered to support transaction processing and asset management.
Electronic Transaction Clearing has 3 investors. Key investors include Cerberus Capital Management, Quantlab, and PEAK6.
Electronic Transaction Clearing operates through Maine Potato Growers, Inc.
Yes. Electronic Transaction Clearing was acquired by PEAK6 in September 2019.