Clients were unhappy and the market was screaming out for a better solution.
#PRODUCT HUNT JOSH 60M 300K PRODUCT SOFTWARE#
With this Series A round, we are now fully funded to launch and scale our early clients in Q4 and beyond, with the ability to support fully-disclosed and omnibus business models.Īs mentioned in my rebranding announcement, incumbent players in this industry have been running on decades-old legacy software for far too long. Together with our Seed funding announced in April, Embed has now raised $80m across both equity and debt.ġ8 months in the making, we have now received all the necessary approvals to execute, clear, settle and custody US listed equities (stocks & ETFs), entirely through our own proprietary technology infrastructure, for other broker-dealers, registered investment advisers, banks and trust companies. Participating investors include The Treasury, GFC, Torch Capital, TI Platform Management, PruVen Capital, Fin VC, Bain Capital Ventures, SWS Ventures among other notable investors.
We are also announcing our $60m Series A funding round, which comprised over $20m in equity, and a $40m flexible debt facility from TriplePoint Capital. We are incredibly excited to announce that our wholly-owned SEC-registered FINRA member broker-dealer subsidiary Embed Clearing LLC, has been approved as a member of the Nasdaq Stock Market LLC, as well as a correspondent clearing member of National Securities Clearing Corporation (NSCC) and custody member of The Depository Trust Company (DTC).