Clear Street Receives Investment from IMC Investments
- Clear Street, a New York-based independent non-bank prime broker, received an investment from IMC Investments, the venture capital arm of IMC, a proprietary trading firm and global market maker
- The amount of the deal was not disclosed
- The company intends to use the funds to expand operations and its business reach, as well as its development efforts
- ClearStreet is building infrastructure for capital markets. The firm has built a proprietary, cloud-native, clearing and custody system to replace the legacy infrastructure used across capital markets – improving speed, access, and service for its clients
- Its first product is its equity finance platform, which processes more than $10 billion in trades every day
- ClearStreet’s May 2022 $165 million Series B funding round, the firm’s first venture capital raise since its inception in 2018
