Clear Street raises $270M Series B extension to digitize prime brokerage infrastructure, reaches $2B valuation

 

Clear Street has raised a $270M Series B extension to digitize prime brokerage infrastructure for financial institutions.   The company is now valued at $2B. The company offers a cloud-based prime brokerage services platform that aims to replace the current infrastructure used in large financial organizations. The platform processes over $10B worth of financial trades every day. Prysm Capital led the funding round, with participation from institutional investors and pension funds. Since its inception in 2018, the company has raised over $335M. Clear Street is based in New York.