The company intends to use the funds to accelerate development of technological solutions and enrich the sales and client service experience.
Founded in 2012 and led by CEO Joseph Wald, Clearpool Group provides with Autonomy™, a private label electronic and algorithmic trading platform for the sell-side and their buy-side clients; and Iris™, its proprietary order aggregation and queuing technology designed to enhance liquidity interaction and fill rates.
In addition to the funding, the company also announced its new board of directors, which includes:
Christopher Sugden, Edison Partners Managing Partner;
Joseph Mrak, FolioDynamix Chairman and CEO;
Tom Joyce, Arxis Capital Executive Chairman;
Joseph Wald, Clearpool CEO;
Brian Schaeffer, Clearpool President; and
Raymond Ross, Clearpool Executive Vice President & CTO.