Provable Markets Raises Series B Funding
Provable Markets, a New York City-based company offering a comprehensive suite of trading and trade management solutions for the front, middle, and back office, has announced the completion of its Series B funding round. The company secured an undisclosed amount of investment, with Charles Schwab leading the round.
Investment Details
Alongside Charles Schwab, other notable participants in this funding round include the Depository Trust & Clearing Corporation (DTCC), Dialectic Capital Management, and Inkef. This diverse group of investors highlights the growing interest in Provable Markets' innovative solutions that streamline trading operations across various stages.
Leadership and Vision
Matthew Cohen, the Co-Founder and Chief Executive Officer of Provable Markets, has been instrumental in steering the company towards this successful funding round. "We are thrilled to have the support of such esteemed investors," Cohen said. "This investment will enable us to further enhance our offerings and continue providing top-tier solutions to our clients."
Strategic Use of Funds
While specific plans for the newly raised capital have not been disclosed, it is anticipated that the funds will be used to bolster Provable Markets' product development and expand its market reach. This could involve enhancing their existing suite of solutions and potentially exploring new markets or client segments.
Conclusion
Provable Markets' latest funding round marks a significant step in its growth trajectory. With the backing of major industry players like Charles Schwab and DTCC, the company is well-positioned to advance its mission of delivering comprehensive trading solutions to its clients.