trueEX

company

About

TrueEX is a financial technology company providing electronic execution platforms for the global interest rate swaps (IRS) market.

Details

Last Funding Type
Debt Financing
Last Funding Money Raised
$3.42M
Industries
Blockchain,Electronics,Enterprise Software,Finance,Financial Services,FinTech,Risk Management,Venture Capital
Founded date
Jan 1, 2010
Number Of Employee
101 - 250
Operating Status
Active
Legal Name
trueEX Group LLC
Also Known As
trueSEF LLC,SwapCo Holdings LLC

Based in NYC, trueEX is an electronic execution platform for the global interest rate swaps (IRS) market. It will initially serve the $300 trillion global interest rate swaps (IRS) market and expand into other liquid derivatives as appropriate. Interest rate swaps are currently traded largely over the phone, without regulatory oversight, pre-trade or post-trade transparency, and with very little automation.

The trueEX electronic exchange has been designed to serve the needs of both market makers as well as asset managers, hedge funds, and other buy-side firms.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
8
$37.13M
trueEX has raised a total of $37.13M in funding over 2 rounds. Their latest funding was raised on Feb 26, 2016 from a Series Unknown round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Feb 26, 2016 Series Unknown $7.75M Detail
Jun 6, 2014 Series Unknown $9.21M Detail
Jan 30, 2014 Series Unknown $9M Detail
Jul 23, 2013 Series Unknown $5M 1 Partnership Fund for New York City Detail
Apr 5, 2012 Debt Financing $3.42M Detail

Investors

Number of Lead Investors
Number of Investors
1
1
trueEX is funded by 1 investors. Partnership Fund for New York City are the most recent investors.
Investor Name Lead Investor Funding Round
Partnership Fund for New York City Yes Series Unknown

Employee Profiles

Number of Employee Profiles
4
trueEX has 4 current employee profiles, including Executive Sunil Hirani
Executive
Executive
Employee