Clear Street announced a $270 million investment from Prysm Capital, a growth equity firm. The investment is the second tranche of a $435 million Series B funding round and values Clear Street at more than $1.9 billion.
Key points:
- Over the past year, the number of institutional clients on Clear Street’s platform increased by 500% and its daily transactional volume processed increased more than 300%
- In 2022, Clear Street expanded its sales and engineering teams and welcomed Wall Street industry veterans to advance its rapid growth strategy
- Last year, Clear Street launched capital introduction and repo businesses, enhanced its securities lending capabilities, and updated and refined its client-facing position, risk, operations, and reporting portals
With this increase in funding, Clear Street plans to expand its reach across new markets and asset classes, accelerate future product offerings, increase availability to all market participants, and offer solutions for clients looking to migrate to a single-source platform.