OpenYield, a NYC-based operator of the FINRA and SEC-registered OpenYield ATS, raised an undisclosed amount in new funding.
The round, which brought OpenYield’s total funding to $7M, was led by Canapi Ventures, with participation from Clocktower Ventures, Flow Traders, Fin Capital and TD Bank.
The company intends to use the funds to expand operations and its business reach.
Led by Jon Birnbaum, Founder and CEO, OpenYield is a bond marketplace delivering an equity-like trading experience. Its platform offers instantly actionable liquidity for corporate bonds, munis, and Treasurys.
Since the launch of its marketplace in March 2024, OpenYield has onboarded over 20 institutional subscribers, including FMSBonds, Belle Haven Investments and Maritime Capital, who join previously announced partners Flow Traders, TD Securities Automated Trading and Apex Fintech Solutions Inc. The marketplace now displays offers in tens of thousands of bonds across munis, corporates, and Treasurys, with more added regularly.
FinSMEs
21/11/2024