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 as of December 31, 2022. 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 as on 31 Dec, 2022
- Stage Unicorn
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Trumid Financial 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
$722.28 M (USD)
in 12 rounds
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Latest Funding Round
$208 M (USD), Series E
Oct 12, 2021
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Investors
CreditEase
& 14 more
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Employee Count
27
as on Dec 31, 2022
- Investments & Acquisitions
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Products & Services of Trumid
Trumid offers a comprehensive portfolio of products and services, including Trumid Platform and Quantitative Products. 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.
Platform for fixed income trading with customizable data feeds.
Tools for market data analysis and trade optimization.
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Software Development Team
27 people
Data Analysis and Operations Team
5 people
Product Management Team
5 people
Leadership Team
4 people
Senior Team
4 people
Sales and Marketing
2 people
Human Resources and Administration
2 people
Desktop Team
2 people
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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 Total Funding
- Total Rounds 12
- Last Round Series E — $208.0M
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First Round
First Round
(29 Dec 2014)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2021 | Amount | Series E - Trumid | Valuation | Point Break Capital Management | |
| Nov, 2020 | Amount | Series E - Trumid | Valuation | DST Global , Dragoneer Investment Group |
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| Jun, 2020 | Amount | Series E - Trumid | Valuation | T. Rowe Price , BlackRock |
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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 Trumid
Trumid has secured backing from 15 investors, including institutional and venture fund investors. Prominent investors backing the company include CreditEase, BlackRock and TPG. 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 investments in financial services sector are facilitated.
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Founded Year | Domain | Location | |
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Private equity & fixed income investments focused hedge fund
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Founded Year | Domain | Location | |
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Private equity investments are made in technology-enabled growth companies.
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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 Trumid
Trumid has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Electronifie. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Corporate bonds are traded on a liquidity-focused platform for institutions.
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2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Trumid
| 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 |
Trumid Comparisons
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. 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 |
Fixed-income instruments are traded through an AI-based platform.
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| domain | founded_year | HQ Location |
Additive manufacturing platform for mass production
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| domain | founded_year | HQ Location |
Trading platform for US Treasuries.
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| domain | founded_year | HQ Location |
Trading platform serving institutional fixed income investors.
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| domain | founded_year | HQ Location |
Electronic fixed income trading is operated by MTS Markets.
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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 Trumid
Frequently Asked Questions about Trumid
When was Trumid founded?
Trumid was founded in 2014.
Where is Trumid located?
Trumid is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Trumid?
Michael Sobel is the current CEO of Trumid.
Is Trumid a funded company?
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 E of $200M, raised on Dec 29, 2014.
How many employees does Trumid have?
As of Dec 31, 2022, the latest employee count at Trumid is 27.
What does Trumid do?
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.
Who are the top competitors of Trumid?
Trumid's top competitors include MarketAxess Holdings, Origin and Glimpse.
What products or services does Trumid offer?
Trumid offers Trumid Platform and Quantitative Products.
How many acquisitions has Trumid made?
Trumid has made 1 acquisition, including Electronifie.
Who are Trumid's investors?
Trumid has 15 investors. Key investors include CreditEase, BlackRock, TPG, T. Rowe Price, and Deutsche Börse Group.
What is Trumid's valuation?
The valuation of Trumid is $2.4B as of Oct 2021.