About MerQube
MerQube is a company based in San Francisco (United States) founded in 2019 by Vinit Srivastava.. MerQube has raised $35 million across 5 funding rounds from investors including UBS, J P Morgan and Citi. The company has 9 employees as of December 31, 2021. MerQube operates in a competitive market with competitors including IEX, IEX Exchange, Cache, TXSE and Dreamex, among others.
- Headquarter San Francisco, United States
- Employees 9 as on 31 Dec, 2021
- Founders Vinit Srivastava
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Sectors
Financial ServicesTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Merqube, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$35 M (USD)
in 5 rounds
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Latest Funding Round
$22 M (USD), Series B
Jul 13, 2023
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Investors
UBS
& 5 more
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Employee Count
9
as on Dec 31, 2021
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Funding Insights of MerQube
MerQube has successfully raised a total of $35M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $22 million completed in July 2023. 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 Funding
- Total Rounds 5
- Last Round Series B — $22.0M
- First Round First Round
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2023 | Amount | Series B - MerQube | Valuation | Intel Capital | |
| Aug, 2022 | Amount | Series A - MerQube | Valuation | Laurion Capital |
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| Oct, 2021 | Amount | Series A - MerQube | Valuation | J P Morgan |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in MerQube
MerQube has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include UBS, J P Morgan and Citi. 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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment in technology startups focusing on compute, AI, and related innovations.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Commercial banking and financial services are provided globally.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by MerQube
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - MerQube
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Merqube Comparisons
Competitors of MerQube
MerQube operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as IEX, IEX Exchange, Cache, TXSE and Dreamex, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based alternative trading system is offered to brokers.
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| domain | founded_year | HQ Location |
Online platform for stock exchange
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| domain | founded_year | HQ Location |
Automated lockers are provided for product delivery services.
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| domain | founded_year | HQ Location |
Texas stock exchange
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| domain | founded_year | HQ Location |
Online capital markets platform is provided using digital exchange technology.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Merqube
Frequently Asked Questions about MerQube
When was MerQube founded?
MerQube was founded in 2019.
Where is MerQube located?
MerQube is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of MerQube?
Vinit Srivastava is the current CEO of MerQube. They have also founded this company.
Is MerQube a funded company?
MerQube is a funded company, having raised a total of $35M across 5 funding rounds to date. The company's 1st funding round was a Series A of $5M, raised on Aug 01, 2019.
How many employees does MerQube have?
As of Dec 31, 2021, the latest employee count at MerQube is 9.
What does MerQube do?
MerQube was founded in 2019 in San Francisco, United States, as an index provider serving the financial and insurance industries. Indices are designed and calculated across thematic, ESG, factor, and retirement categories, encompassing multi-asset classes, equities, futures, and options. A governance framework is maintained for index design, calculation, upkeep, and dissemination.
Who are the top competitors of MerQube?
MerQube's top competitors include IEX, TXSE and IEX Exchange.
Who are MerQube's investors?
MerQube has 6 investors. Key investors include UBS, J P Morgan, Citi, Intel Capital, and Allianz.