Tech Company Financing Transactions
MerQube Funding Round
On 7/13/2023, MerQube raised $22 million in Series B funding from Intel Capital, Allianz Life and Citibank.
Transaction Overview
Company Name
Announced On
7/13/2023
Transaction Type
Venture Equity
Amount
$22,000,000
Round
Series B
Investors
Intel Capital (Lead Investor) (David Mueller)
Proceeds Purpose
The company intends to use the funds to further expand its engineering capabilities and platform infrastructure, scale its talent, and continue to expand into its key markets.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
58 West Portal Ave. #144
San Francisco, CA 94127
USA
San Francisco, CA 94127
USA
Phone
Undisclosed
Website
Email Address
Overview
MerQube is an innovative technology provider offering design and calculation solutions for rules based investment strategies and passive solutions. Launched in 2019 by a team of index industry veterans and technology experts, MerQube was created as a technology driven answer to the most complex rules-based investment strategies. MerQube today calculates a wide variety of strategies, ranging from defined outcome to volatility and risk control, from end of day to real time calculations. MerQube's capabilities extend to any rebalancing schedule, including intraday, and incorporate sophisticated TWAP and VWAP algorithms.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Vinit Srivastava
Chief Operating Officer
Keith Loggie
Chief Technical Officer
Praveen Yalagandula
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Where The Data Comes From
We do our best to report on every notable VC transaction. VC transactions reported here are derived from a variety of public sources. The information is sourced from VentureDeal.com, an affiliated venture.
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