SAP-affiliated venture firm Sapphire has invested an undisclosed amount in equity trading platform IEX, which had raised $100m in funding as of September.
Sapphire Ventures, the venture capital firm affiliated with enterprise software provider SAP, has acquired a minority stake in US-based online equity trading marketplace IEX, investing an undisclosed sum.
Launched in 2013 and seeded by strategic investors including mutual funds, hedge funds, and family offices, IEX runs an online trading marketplace that can be accessed by any qualified broker dealer.
The New York-based company’s platform aims to remove the timing advantages used by some traders to benefit from short-term trades through…
