Bond Trading Platform OpenDoor Trading Closes $10M Funding Round

opendoorOpenDoor Trading, LLC, a Jersey City-based bond trading platform for off-the-run Treasuries and TIPS, closed a $10m funding round.

The raise was completed at a pre-money valuation of $40 million.

Backers included John Brynjolfsson, Hartfield, Titus & Donnelly, etc.

The funds will be used to support technology and business development.

Co-founded by Susan Estes and Brian Meehan less than three years ago, OpenDoor Trading provides an anonymous, browser and session-based trading platform to improve liquidity across off-the-run Treasuries (OFTR’s) and Treasury Inflation Protected Securities (TIPS), platform.
Customers include asset managers, central banks, primary dealers, hedge funds, and trading firms.
Launch is scheduled for the fall.



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