MerQube, a San Francisco, CA-based company which specializes in technology for index-linked investing, raised USD 22M in Series B funding.
The round was led by Intel Capital with participation from new investor Allianz Life Ventures, and existing investors Citi, J.P. Morgan, Laurion Capital Management and UBS. In conjunction with the financing, David R. Mueller, Intel Capital Investment Director, will join MerQube’s board of directors.
The company intends to use the funds to further expand its engineering capabilities and platform infrastructure, scale its talent, and continue to expand into its key markets.
Led by CEO Vinit Srivastava, MerQube is a technology provider offering design and calculation solutions for rules-based investment strategies and passive solutions. Launched in 2019, the company calculates a wide variety of strategies, ranging from defined outcome to volatility and risk control, from end-of-day to real-time calculations. Its capabilities extend to any rebalancing schedule, including intraday, and incorporate sophisticated TWAP and VWAP algorithms.
In May 2023, MerQube received FCA authorization under Benchmarks Regulation (BMR) and in September 2022, it confirmed its adherence to International Organization of Securities Commissions (IOSCO) principles for Financial Benchmarks.
FinSMEs
13/07/2023