NEW YORK--(BUSINESS WIRE)--Clearpool Group today announced it has received an $8 million investment from growth equity firm, Edison Partners. Clearpool is a next-generation, electronic trading software development and agency execution business; its clients are the institutional sell-side and professional trading firms.
“Our business has recorded a significant influx of new clients this year because we are providing tools in the cloud that enable them to gain control in their electronic and algorithmic trading infrastructure,” said Clearpool Group CEO, Joseph Wald. “This minority investment from Edison Partners validates our value proposition and capabilities. It will also act as an accelerant for faster development of technological solutions demanded by our customers, and enrich the sales and client service experience.”
Among its suite of offerings, Clearpool has seen rapid adoption of Autonomy™, a private label electronic and algorithmic trading platform for the sell-side and their buy-side clients; and Iris™, its proprietary order aggregation and queuing technology designed to enhance liquidity interaction and fill rates.
“Clearpool has a strong vision for how trading technology can empower its client base, and their executive team is widely regarded as known experts, each with a long track record of achievements,” said Edison Partners Managing Partner, Christopher Sugden. “This reputational asset has proven to be a significant contributor to the company’s success.”
The company also announced its new board of directors: Christopher Sugden; FolioDynamix Chairman and CEO, Joseph Mrak; Arxis Capital Executive Chairman Tom Joyce; Joseph Wald; Clearpool President Brian Schaeffer; and Clearpool Executive Vice President & CTO Raymond Ross.
About Edison Partners
For 29 years, Edison Partners has been helping CEOs and their executive teams navigate the entrepreneurial journey and build successful companies. Through the unique combination of expansion capital and the Edison Edge platform, consisting of strategic advisory, the Edison Director Network, and executive education, Edison employs a holistic approach to nurturing invention and creating value for growth stage businesses ($5 to $20 million in revenue) in financial technology, healthcare IT, enterprise IT, and marketing software industries. Edison investment objectives also include: buyouts, recapitalizations, spinouts and secondary stock purchases.
Edison’s active portfolio has created aggregate market value exceeding $5 billion. Its long-tenured team, based in Princeton, NJ, McLean, VA, and Cleveland, OH, manages more than $1 billion in assets throughout the eastern United States.
About Clearpool Group
Founded in 2012 and based in New York, Clearpool Group, Inc. is a trading software and execution innovator for an evolving equity market microstructure and competitive landscape. Clearpool develops state-of-the-art electronic trading solutions and operates an independent agency broker-dealer. Clearpool Group’s clients are institutional broker-dealers and professional trading firms. www.clearpoolgroup.com