Clear Street Announces $270 Million Investment

New York-based independent prime broker Clear Street has received a $270 million investment from Prysm Capital, a growth equity firm, according to a story in The Trade news. The investment is the second tranche of a $435 million Series B funding round and values the Company at $2 billion. This is the second investment in the company’s Series B led by Prysm Capital, with support from a diverse institutional investor base, including public pension funds and endowments. Founded in 2018, Clear Street has built a proprietary, cloud-native, clearing and custody system to replace the legacy infrastructure used across capital markets. Its first product, an equity finance platform, processes more than $10 billion in trades every day. The firm’s goal is to create a single-source platform to serve all investor types, across all asset classes, globally.