Funding round
Clear Street Series B
Clear Street, which works in capital markets platform development in New York, raised $270M in a Series B round announced on 11 Apr 2023, led by Prysm Capital, at a $2.00B post-money valuation. 7 firms took part. It is Clear Street's first venture round on record.
$270M
Amount raised
$2.00B
Post-money valuation
$1.73B pre-money
7
Investors
1 lead
14%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Clear Street at $2.00B after the new money. The $270M bought investors about 14% of the company. It is Clear Street's first venture round on record, 5 years after it was founded in 2018. It is 67% of the $405M Clear Street has raised in the venture rounds on record. Clear Street raised again 33 months later: a Series C round of $135M in Jan 2026, at $12.00B post-money.
Clear Street's funding rounds
Clear Street has 2 venture rounds on record and 3 other deals. This one is highlighted.
- Debt not a venture round 21 May 2021 $60M
- Series B this round 11 Apr 2023, led by Prysm Capital $270M$2.00B post-money
- Debt not a venture round 13 Jan 2026 $79M
- Series C 13 Jan 2026, led by Baillie Gifford and SBI Holdings $135M$12.00B post-money
- Debt not a venture round 1 Jun 2026 $400M
Investors
Who put money in
Prysm Capital led the round with 6 other firms.
Lead investor
- backs 18 venture-backed companies new investor
Also in the round
- IMC Investments new investor
- Walleye Capital new investor
- Near Foundation new investor
- Belvedere new investor
- backs 38 venture-backed companies new investor
- Validus Growth Investors new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
8 Series B rounds in Financial Services within a year either side disclosed an amount; the median was $33M, and this round was 8.3 times the median. The closest in time, other companies' Series B rounds in Financial Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Financial Services | 13 Apr 2023 | $25M | not disclosed | PEAK6 |
| Financial Services | 10 Nov 2022 | $33M | not disclosed | Obvious |
| Imprint Financial Services | 13 Nov 2023 | $75M | not disclosed | Ribbit |
| Parafin Financial Services | 2 Aug 2022 | $60M | $520M | GIC |
| Financial Services | 10 Dec 2023 | $30M | not disclosed | M&G Investments |
| Financial Services | 22 Aug 2022 | $15M | not disclosed | Intercontinental Exchange, Inc. |
| Financial Services | 25 Jul 2022 | $40M | not disclosed | Valar Ventures |
| Financial Services | 24 Jan 2024 | undisclosed | not disclosed | Pantera and Sequoia Capital |
Sources
Where this comes from
Reported by 4 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Clear Street raise in its Series B round?
Clear Street raised $270M in its Series B round, announced in Apr 2023.
Who led Clear Street's Series B round?
Prysm Capital led it, with IMC Investments, Walleye Capital, Near Foundation, Belvedere and NextGen Venture Partners and 1 more.
What was Clear Street's valuation at the Series B round?
$2.00B post-money ($1.73B pre-money).
How does it compare with other Series B rounds in Financial Services?
8 Series B rounds in Financial Services within a year either side disclosed an amount; the median was $33M, and this round was 8.3 times the median.
Did Clear Street raise again after this round?
Yes: a Series C round in Jan 2026 of $135M at $12.00B post-money.