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New Deal


Announced

Completed

Prysm Capital led a $165m Series B round in Clear Street.

Financials

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Transaction Value£131m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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FinTech

Private Equity

financial services

Domestic

Acquisition

Private

fintech

Friendly

Venture Capital

Minority

United States

Completed

cloud infrastructure

Single Bidder

Synopsis

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Prysm Capital, a growth equity firm, led a $165m Series B round in Clear Street, a fintech company, with participation from NextGen Venture Partners, Walleye Capital, NEAR Foundation, McLaren Strategic Ventures, and Validus Growth Investors, as well as angel investors Illia Polosukhin, Moses Lo, and Alastair Trueger. “We founded Clear Street to replace the outdated tech infrastructure being used across capital markets. It shouldn’t take six months to open an account or a year to begin trading a new asset class. Clients are demanding better technology and better service. Clear Street is stepping up to address this issue head-on. Our cloud-native platform provides the services and data that investors need to compete in today’s markets,” Chris Pento, Clear Street Co-Founder and Chief Executive Officer.

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