Singapore Exchange reinvested in the bond trading platform developer at a $2.4bn valuation, in a round led by Point Break Capital Management.

US-based online bond trading platform Trumid closed a $208m financing round on Tuesday featuring trading exchange operator Singapore Exchange (SGX) at a valuation it told the Financial Times was $2.4bn.

The round was led by Point Break Capital Management and included Motive Partners, Senator Investment Group, Phase2 Partners, DST Global, TPG, Dragoneer Investment Group, BlackRock and T Rowe Price.

Trumid operates an online platform for corporate bond market investors to trade directly with one another. It claims average trading volume…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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