About Sumridge
Sumridge is a company based in Jersey City (United States) founded in 2010 was acquired by Raymond James in March 2022.. Sumridge has raised $89.22 million across 3 funding rounds from investors including Raymond James, Stone Point Capital and OCA Ventures. The company has 47 employees as of December 31, 2022. Sumridge offers products and services including Fixed Income Trading and Client Portal Services.
- Headquarter Jersey City, United States
- Employees 47 as on 31 Dec, 2022
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Sumridge Partners, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$89.22 M (USD)
in 3 rounds
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Latest Funding Round
$70 M (USD), Series C
Aug 10, 2017
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Investors
Raymond James
& 2 more
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Employee Count
47
as on Dec 31, 2022
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Acquired by
Raymond James
(Mar 28, 2022)
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Products & Services of Sumridge
Sumridge offers a comprehensive portfolio of products and services, including Fixed Income Trading and Client Portal Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Trading in various bonds is facilitated through electronic platforms, where live markets and instantaneous execution are offered to clients
Inventory searches and transaction capabilities are enabled for bonds based on criteria such as sector, maturity, and credit rating
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Funding Insights of Sumridge
Sumridge has successfully raised a total of $89.22M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $70 million completed in August 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 Funding
- Total Rounds 3
- Last Round Series C — $70.0M
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First Round
First Round
(30 Sep 2010)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2017 | Amount | Series C - Sumridge | Valuation | Stone Point Capital |
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| Jul, 2012 | Amount | Series B - Sumridge | Valuation |
investors |
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| Sep, 2010 | Amount | Series B - Sumridge | Valuation | OCA Ventures |
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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 Sumridge
Sumridge has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Raymond James, Stone Point Capital and OCA Ventures. 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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Private equity firm investing in global financial services sectors.
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Founded Year | Domain | Location | |
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Seed and early-stage US venture capital investments are managed.
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Founded Year | Domain | Location | |
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M&A advisory, capital markets, and wealth management services are offered.
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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 Sumridge
| 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 - Sumridge
| 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 |
Sumridge Comparisons
Competitors of Sumridge
| 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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Frequently Asked Questions about Sumridge
When was Sumridge founded?
Sumridge was founded in 2010.
Where is Sumridge located?
Sumridge is headquartered in Jersey City, United States. It is registered at Jersey City, New Jersey, United States.
Is Sumridge a funded company?
Sumridge is a funded company, having raised a total of $89.22M across 3 funding rounds to date. The company's 1st funding round was a Series B of $13.9M, raised on Sep 30, 2010.
How many employees does Sumridge have?
As of Dec 31, 2022, the latest employee count at Sumridge is 47.
What does Sumridge do?
Sumridge was founded in 2010 in Jersey City, United States, as an electronic fixed-income market maker. Trading is facilitated in corporate bonds, municipal bonds, preferred securities, and emerging market bonds via electronic platforms. Live market access and instantaneous execution are provided to institutional investors and financial advisors. A dedicated desk supports independent advisors with sales assistance, market commentary, and investment ideas. A client portal enables inventory searches and order submissions.
What products or services does Sumridge offer?
Sumridge offers Fixed Income Trading and Client Portal Services.
Who are Sumridge's investors?
Sumridge has 3 investors. Key investors include Raymond James, Stone Point Capital, and OCA Ventures.
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