Electronic Transaction Clearing

Los Angeles, United States Founded: 2007 • Age: 19 yrs Acquired By PEAK6
Clearing custodian firm
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About Electronic Transaction Clearing

Electronic Transaction Clearing is a company based in Los Angeles (United States) founded in 2007 was acquired by PEAK6 in September 2019.. Electronic Transaction Clearing has raised $11.26 million across 3 funding rounds from investors including Cerberus Capital Management, Quantlab and PEAK6.

  • Headquarter Los Angeles, United States
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Legal Name Maine Potato Growers, Inc
Operational Areas
Key Metrics
  • Annual Revenue
    $0
    0
    as on Jun 09, 2014
  • Net Profit
  • EBITDA
  • Total Equity Funding
    $11.26 M (USD)

    in 3 rounds

  • Latest Funding Round
    $68 M (USD), Debt – Conventional

    Jul 31, 2017

  • Investors
    Cerberus Capital Management

    & 2 more

  • Employee Count
    Employee Count
  • Acquired by
    PEAK6

    (Sep 09, 2019)

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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
  • Total Rounds 3
  • Last Round Debt – Conventional — $68.0M
  • First Round

    (22 Jul 2009)

  • Investors Count 2
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2017 Amount Debt – Conventional - Electronic Transaction Clearing Valuation

investors
Cerberus Capital Management , Quantlab Financial
Sep, 2012 Amount Series A - Electronic Transaction Clearing Valuation

investors
Jul, 2009 Amount Seed - Electronic Transaction Clearing Valuation

investors
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
Cerberus Capital Management
Private equity and debt firm focused on multiple sectors
Founded Year Domain Location
PEAK6
Investment firm focused on finance and technology opportunities.
Founded Year Domain Location
Quantlab
Quantlab is engaged in automated proprietary trading activities.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Amitabh Bachchan family office
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Signite Partners
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Sixteenth Street Capital
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
GGV Capital
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Electronic Transaction Clearing

Investments
Company Name Description Domain Location Founded Year Amount
Bento Cloud
Bionic investment advisor platform
2016
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
GrabKios by Kudo
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Electronic Transaction Clearing

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Electronic Transaction Clearing Comparisons

Employees
+
Add Comparison
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Competitors of Electronic Transaction Clearing

Company Name Domain Founded year HQ Location Description
inDrive
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
Bolt
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
Gojek
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
Dunzo
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Electronic Transaction Clearing

Frequently Asked Questions about Electronic Transaction Clearing

When was Electronic Transaction Clearing founded?

Electronic Transaction Clearing was founded in 2007 and raised its 1st funding round 2 years after it was founded.

Where is Electronic Transaction Clearing located?

Electronic Transaction Clearing is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.

Is Electronic Transaction Clearing a funded company?

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 22, 2009.

What does Electronic Transaction Clearing do?

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.

Who are Electronic Transaction Clearing's investors?

Electronic Transaction Clearing has 3 investors. Key investors include Cerberus Capital Management, Quantlab, and PEAK6.

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