Jane Street Capital, Goldman Sachs, JP Morgan, Wells Fargo, Flow Traders and Williams Trading were all among the investors in a $65m round for Members Exchange.

Members Exchange (MemX), a US-based company building a new equity market, closed a $65m funding round yesterday backed by financial services firm Wells Fargo, trading firm Flow Traders and brokerage firm Williams Trading.

Private equity group BlackRock and hedge fund Manikay Partners also contributed to the round. Quantitative trading firm Jane Street Capital and investment banks JP Morgan and Goldman Sachs had supplied an initial tranche in February 2020.

MemX is building an equity exchanges market that it hopes…

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Thierry Heles

Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.