Trumid, a NYC-based financial technology company and electronic trading platform for corporate bonds, raised approximately $60m in funding.
The minority investment was made by Hillhouse Capital, which joined Singapore Exchange (SGX) and Arbor Ventures.
The company intends to use the funds to expand its US corporate bond business and for protocol and product expansion.
Founded in 2014 by Mike Sobel, President, Trumid is a financial technology company focused on bringing efficiency to credit trading through data, technology and innovative products. Its electronic trading platform provides corporate bond market professionals with direct access to liquidity and market intelligence.
The company has a client network of over 425 buy-side and sell-side institutions.