MayStreet, a NYC-based fintech company, closed a $21m Series A financing.
The round was led by Credit Suisse Asset Management’s NEXT Investors. In addition to the funding, trading technology and market data industry veteran Rishi Nangalia will join the MayStreet board.
The company intends to use the funds to accelerate growth through the full globalization of its platform, further product development and the expansion of its sales and marketing presence.
Founded in 2012 by Patrick Flannery, CEO, MayStreet provides a market data infrastructure platform across asset classes for organizations of all sizes to manage their capital markets data needs. Combining ultra-low latency architecture with high-precision data, MayStreet enables its clients, which range from banks, market makers and quantitative investment firms to traditional asset managers, trading platform vendors and regulators, to gain insights into how global capital markets operate. The platform delivers both real-time and “near-time” intraday historical data moving clients’ firm-wide workflows ranging from trade execution and surveillance to instant market analysis, end-of-day reporting, historical back testing and more.