Tech Company Financing Transactions
BridgePort Funding Round
BridgePort closed a $3.2 million Seed funding round on 7/7/2025. Backers included Further Ventures and private investors.
Transaction Overview
Company Name
Announced On
7/7/2025
Transaction Type
Venture Equity
Amount
$3,200,000
Round
Seed
Investors
Further Ventures (Lead Investor)
Proceeds Purpose
The company intends to use the funds to accelerate platform development and expand the team to meet increasing institutional demand for efficient off-exchange settlement market structure.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
201 Allen Street 10125
New York, NY 10002
USA
New York, NY 10002
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
In 2017, the BridgePort team was tasked with integrating crypto into the world's largest wholesale FX venue, where global banks and high-frequency trading firms transact. The venue operated in both a central limit order book (CLOB) and an OTC bilateral model--both common modalities in traditional finance, where liquidity access is provided through prime brokers and bilateral credit. While executing trades would be straightforward, we quickly realized a much larger challenge: there was no central counterparty (CCP) or middleware in place to provide the pre-order and post-trade infrastructure necessary to build a truly scalable market for digital assets.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Nirup Ramalingam
Chief Technical Officer
Mike Merold
VP - Customer Service
Chris Soriano
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We report on every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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