Bond Platform Trumid’s Value Jumps 40% in DST-Led Funding Round
- Valuation increases to $1.4 billion from raise four months ago
- Trumid recently added EM debt trading, partnered with Goldman
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Bond-trading platform Trumid Financial saw its valuation increase by 40% in just four months after a new fundraising round led by Yuri Milner’s DST Global.
That takes the company’s implied worth to around $1.4 billion, according to people with knowledge of the matter, who asked not to be identified discussing the private transaction. Growth equity firm Dragoneer Investment Group, which led Trumid’s last capital raise in August, also participated in the $50 million round in December, according to a statement Wednesday.