About Trumid
Trumid is a company based in New York (United States) founded in 2014. Trumid has raised $722.28 million across 12 funding rounds from investors including CreditEase, BlackRock and TPG. The company has 27 employees. Trumid has completed 1 acquisition, including Electronifie. Trumid offers products and services including Trumid Platform and Quantitative Products. Trumid operates in a competitive market with competitors including MarketAxess Holdings, Origin, Direct Match, Bonds and MTS Markets, among others.
- Headquarter New York, United States
- Employees 27
- Stage Unicorn
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website trumid.com
- Social LinkedIn X Facebook
- Legal Name Trumid Financial Llc
- Total Equity Funding$722.28M (USD)
in 12 rounds
- Latest Funding Round$208M (USD), Series E
Oct 2021
- InvestorsCreditEase
& 14 more
- Employee Count27
- Investments & Acquisitions
Products & Services of Trumid
Trumid offers a comprehensive portfolio of products and services, including Trumid Platform and Quantitative Products.
Platform for fixed income trading with customizable data feeds.
Tools for market data analysis and trade optimization.
Funding Insights of Trumid
Trumid has successfully raised a total of $722.28M across 12 strategic funding rounds. The most recent funding activity was a Series E round of $208 million completed in October 2021. 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 $722.28M
- Total Rounds 12
- Last Round Series E — $208M
- First Round $27.55M
(Dec 2014)
- Investors Count 15
Latest 10 of 12 funding rounds of Trumid 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 |
|---|---|---|---|---|---|
| Oct 2021 | $208M | Series E | $2.4B | Point Break Capital Management | |
| Nov 2020 | $75M | Series E | – | DST Global, Dragoneer Investment Group | – |
| Jun 2020 | $200M | Series E | $1B | T. Rowe Price, BlackRock | – |
| May 2019 | $60M | Series D | – | Hillhouse | |
| Jun 2018 | $60M | Series D | – | SGX | |
| Jul 2017 | $10M | Series C | – | Deutsche Borse Group | – |
| Mar 2017 | – | Series C | – | CreditEase | – |
| Jan 2017 | $27.58M | Series C | – | – | – |
| Jun 2016 | $10M | Series B | – | Delphi Financial Group | – |
| Sep 2015 | $36M | Series B | – | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2021 | $2.4B | •••••••• |
| Jun 2020 | $1B | •••••••• |
Last known valuation $2.4B (Oct 2021). 15 investors in total: 15 institutional.
Investors in Trumid
Trumid has secured backing from 15 investors, including institutional and venture fund investors. Prominent investors backing the company include CreditEase, BlackRock and TPG.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investments in financial services sector are facilitated. | – | motivepartners.com | New York, United States | |
Private equity & fixed income investments focused hedge fund | – | senatorlp.com | New York, United States | |
Private equity investments are made in technology-enabled growth companies. | – | dragoneer.com | San Francisco, United States | |
Fund of funds focused on pre-seed and seed-stage companies | 1992 | tpg.com | Fort Worth, United States | |
Venture capital investment firm | – | dst-global.com | Menlo Park, United States | |
Global private equity investments are managed with long-term focus. | – | hillhouseinvestment.com | New York, United States | |
Investments in financial services are made by Arbor Ventures. | – | arborventures.com | Hong Kong, China | |
Provides comprehensive investment advisory services for effective financial management. | 2012 | pointbreakcm.com | Miami, United States | |
Delivers comprehensive solutions in financial services. | 2019 | phase2partners.com | San Francisco, United States | |
Operates a digital hub for securities and derivatives exchange data. | 1999 | sgx.com | Singapore, Singapore |
Investor details for Trumid
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.
People of Trumid
64 people are tracked at Trumid (22 in leadership, 42 in team); the tracked headcount is 27.
| Name | Role | Group |
|---|---|---|
Michael Sobel | Co-CEO & President | Leadership |
Mike Sobel | Co-CEO & President | Leadership |
Cheryl Knopp | General Counsel & Chief Compliance Officer | Leadership |
Jason Quinn | Chief Product Officer & Global Head of Sales | Leadership |
Ronnie Mateo | Founder & CEO | Leadership |
Ankush Rai | Head, Technology Operations | Leadership |
Ray Chen | Head Of Site Reliability Engineering | Leadership |
Shari Dreisiger | Head, People | Leadership |
Tony Schiavo | CTO | Leadership |
Justine Robertson | Head Of US Sales And Client Strategy | Leadership |
David Duckworth | Head Of UI Engineering | Leadership |
Rebecca Mazour | Head Of Integration | Leadership |
Jason Murad | Software Engineering Director | Leadership |
Paul Varjan | Head Of Rates And Hedging Product | Leadership |
Mutisya N. | Head Of AI And Data | Leadership |
Frank Zhang | Head Of Pricing & Analytics, Senior Quant | Leadership |
Lindyn Soviero | US Credit - Head Of Platform Success | Leadership |
Florante Alviar | Head Of Data Architecture | Leadership |
Archana Chokshi | Director - Head Of RFQ | Leadership |
Kate Sullivan | Head Of Integration Product | Leadership |
44 more people are available in the full profile.
Complete people profiles for Trumid
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Investments & Acquisitions by Trumid
Trumid has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Electronifie.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Corporate bonds are traded on a liquidity-focused platform for institutions. | electronifie.com | New York, United States | 2013 | May 2017 | •••• |
Complete acquisition details for Trumid
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Trumid
5 dated milestones of Trumid across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Trumid is founded.
- Funding First funding round of $27.5M.
- Acquisition Acquires Electronifie.
- Milestone Reaches Unicorn status.
- Funding Latest funding round, Series E, of $208.0M.
Competitors of Trumid
Trumid 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 MarketAxess Holdings, Origin, Direct Match, Bonds and MTS Markets, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| marketaxess.com | 2000 | New York, United States | – | 881 | Fixed-income instruments are traded through an AI-based platform. | |
| origin.io | 2015 | San Francisco, United States | $12.3M | 31 | Additive manufacturing platform for mass production | |
| directmatch.com | 2014 | New York, United States | $11.48M | – | Trading platform for US Treasuries. | |
| bonds.com | 2009 | New York, United States | – | 10 | Trading platform serving institutional fixed income investors. | |
| mtsmarkets.com | 1988 | San Francisco, United States | – | – | Electronic fixed income trading is operated by MTS Markets. | |
| embonds.com | 2013 | London, United Kingdom | $6.8M | 20 | Emerging markets bonds are traded electronically for institutional investors. | |
| mmkt.com | 2014 | New York, United States | $5.9M | – | Provides a SaaS platform for loan syndication and trading services. | |
| tryglimpse.com | 2020 | Monroe Township, United States | $17.85M | – | AI-powered deductions management for CPG brands is offered by Glimpse. |
Detailed competitors of Trumid
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Trumid
The website of Trumid (trumid.com) receives about 23.7K visits a month.
- Monthly visits23.7K
▲ 20.1% vs previous month
Latest news on Trumid
Complete news archive for Trumid
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Trumid
10 companies that operate in the same segment as Trumid (Investment & Financial Technology), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Commission-free trading and investment services are provided by Robinhood. | 2013 | Menlo Park, California, United States | USD 5.73 B | USD 2.98 B | 2,300 | |
Online exchange platform for cryptocurrency | 2017 | Ta Xbiex, Malta | USD 2.02 B | – | – | |
Online social trading platform for cryptocurrency, stocks, ETFs, and CFDs | 2007 | Tel Aviv, Israel | USD 422.94 M | USD 925.73 M | – | |
Financial data and investment advisory tools are offered online. | 1984 | Chicago, Illinois, United States | USD 91 M | USD 351.25 K | 6 | |
App-based brokerage stock trading platform | 1996 | Mumbai, Maharashtra, India | USD 38.41 M | USD 548.9 M | 3,830 | |
App-based platform for spare change investment | 2012 | Irvine, California, United States | USD 587.84 M | – | – | |
Smart investment portfolios are offered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 121.05 M | USD 635.51 K | 231 | |
App-based automated investment and retirement planning platform | 2010 | New York, New York, United States | USD 335 M | – | – | |
Money Forward is engaged in providing financial technology solutions. | 2012 | Minato, Tokyo, Japan | USD 42.9 M | USD 322.51 M | 2,600 | |
Wealth management solutions are delivered for investment advisors. | 2009 | Mountain View, California, United States | USD 759.1 M | – | – |
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Frequently Asked Questions about Trumid
Trumid was founded in 2014.
Trumid is headquartered in New York, United States. It is registered at New York, New York, United States.
Michael Sobel is the current CEO of Trumid.
Trumid is a funded company, having raised a total of $722.28M across 12 funding rounds to date. The company's 1st funding round was a Series B of $36M, raised on Dec 2014.
Trumid has 27 employees.
Founded in 2014 and based in New York, United States, the platform is centered on electronic trading of fixed-income securities and corporate bonds. Liquidity access for traders is provided via Market Center 2.0. Protocol flexibility is supported, along with APIs for market data and order management. Operations are conducted in the financial sector, emphasizing bond market efficiency.
Trumid's top competitors include MarketAxess Holdings, Origin and Glimpse.
Trumid offers Trumid Platform and Quantitative Products.
Trumid has made 1 acquisition, including Electronifie.
Trumid has 15 investors. Key investors include CreditEase, BlackRock, TPG, T. Rowe Price, and Deutsche Börse Group.
The valuation of Trumid is $2.4B as of Oct 2021.
Trumid operates through Trumid Financial Llc.