This Is Only the Beginning
At our last all-hands meeting we gathered the Clear Street team together and made it official: Thanks to everyone’s hard work, we raised $165 million in our Series B funding round. This is the first time since Clear Street’s inception that we have raised external equity and now puts our valuation at $1.7 billion.
That’s an unbelievable accomplishment in just over three years since Clear Street’s founding. We’ve grown to more than 300 team members and process more than $3 billion in trades on an average day. Not to mention, our balance sheet is really strong. We found ourselves in the unique position of investors approaching us, rather than the other way around.
As we’ve built a new way of doing business for prime brokerage, we’ve realized there is a massive opportunity to help a wider range of investors, from retail to hedge funds, and everything in between. And to get there, we had to make the right decision, and our decision was to answer the calls of the investors who’d been reaching out. The investors who have now put their weight behind us have recognized that we solve one of the most important problems in the financial world, which is providing access to capital markets.
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