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FinTech Clear Street closes $165m Series B round led by Prism Capital

Fintech Clear Street has raised $165 million in a Series B funding round led by Prysm Capital, a growth equity firm that partners with disruptive, category-leading companies in the technology, consumer, and healthcare sector.

Additional investors included NextGen Venture Partners, Walleye Capital, Belvedere, NEAR Foundation, McLaren Strategic Ventures, and Validus Growth Investors, as well as angel investors, Illia Polosukhin (founder of NEAR), Moses Lo (founder of Xendit), and Alastair Trueger (Event Horizon Ventures).

The Series B round marks Clear Street’s first venture capital raise since inception and brings its valuation to $1.7 billion. Since the beginning of 2021, Clear Street experienced a 220% increase in financing balances, and 510% growth in equity transactional volume. Today, Clear Street’s architecture processes more than $3 billion in daily trading volume.

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