Financial services firm Credit Suisse’s Next Investors vehicle led a $21m series A round yesterday for MayStreet, the US-based operator of an online data infrastructure platform for capital markets.
MayStreet’s offering allows customers such as banks, quantitative investment firms and asset managers to organise their capital markets data and get deeper insights into the markets’ working.
The company has not revealed the identity of any other participants in the round or any additional financing since it was founded in 2012. It plans to now scale its sales and marketing activities and make its data coverage global across asset classes.
Greg Grimaldi, co-head of Next Investors, part of Credit Suisse’s Asset Management division, is taking a seat on MayStreet board of directors. He said: “We have been following MayStreet’s progress and believe the technology they have developed is truly differentiated.
“The ability to efficiently leverage market data enterprise-wide is clearly becoming more and more critical each day, and we believe that MayStreet is incredibly well-positioned to help firms across the capital markets modernise their infrastructure to meet these challenges.”
