Clear Street — Modernizing the brokerage ecosystem
Company News2 min read
Apr 11, 2023

The Future is Bright for Clear Street

Chris Pento

Co-Founder & Chief Executive Officer

Clear Street is proud to announce a $270 million investment from Prysm Capital, a growth equity firm focused on partnering with exceptional management teams building disruptive, generational, and durable companies. This investment is the second tranche of our $435 million Series B funding and now values our firm at $2.0 billion!

Our team has made incredible strides since our inception in 2018, and this additional funding is further testament to the value that we bring to our clients. Over the past year, the number of institutional clients on our platform increased by 500% and our daily transactional volume increased over 300%. We’re excited to keep this momentum with support from our continued partnership with Prysm.

This is the second investment in our Series B led by Prysm Capital, with support from their diverse institutional investor base, including public pension funds and endowments. It follows our firm’s first tranche of $165 million in May 2022.

“The Prysm team seeks to invest in disruptive and innovative companies that execute at a premier level, and Clear Street certainly meets those criteria. Clear Street’s cloud-native platform and technology-driven approach address a very real need in capital markets today and truly set them apart from competitors,” said Matt Roberts, Co-Founder & Partner at Prysm Capital. “We have tremendous confidence in Clear Street’s outlook, and look forward to continuing our partnership in their next phase of accelerated growth.”

The funding will support our expansion plans 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.

Thank you to Prysm for your continued support and to everyone at Clear Street. This is just the beginning!

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