MayStreet intends to use the capital to grow its platform across the globe, further product development, the expansion of its sales and marketing presence. The company is currently hiring for three open roles in development and engineering
Fremont, CA: MayStreet, a NYC-based fintech company, raised $21 million in Series A round of financing. The funding round was led by Credit Suisse Asset Management’s NEXT Investors. With closing of the funding, trading technology and market data industry veteran Rishi Nangalia is expected to the MayStreet board.
The company plans to use the capital to grow its platform across the globe, further product development, the expansion of its sales and marketing presence. The company is currently hiring for three open roles in development and engineering.
Patrick Flannery, CEO, Founded MayStreet in 2012. The company offers a market data infrastructure platform across asset classes for organizations of all sizes to manage their capital markets data needs. Combining ultra-low latency architecture with high-precision data, MayStreet empowers its clients, ranging from market makers, banks, and quantitative investment firms to traditional asset managers, trading platform vendors and regulators, to gain a better understanding of how global capital markets operate. The platform delivers both “near-time” and real-time intraday historical data moving clients’ firm-wide workflows, which ranges from trade execution and surveillance to instant market analysis, end-of-day reporting, historical back testing and more.
Patrick Flannery, MayStreet CEO and Co-Founder, said while commenting on the investment, “For firms across our industry –banks, quantitative investment firms, traditional asset managers, trading system vendors, etc. – the race is on to figure out how to most effectively extract value out of the ocean of market data that gets created each day. From our standpoint, this is an incredibly exciting problem to solve, which is why we’ve worked so hard these past eight years to develop, in conjunction with some of the world’s most demanding users of market data, a sophisticated platform to do just that. Credit Suisse NEXT Investors sees the world in a similar way, and we are thrilled to have the opportunity to work with them to further scale our business.”