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The Venture Codex

Tradeweb Markets

1177 Avenue of the Americas, New York, NY, 10036, United States

Overview

Global marketplace for electronic fixed income and derivatives trading.

Founded

1997

Deals · 12mo

4

Links

WebsiteLinkedInX (Twitter)

Stage focus

—

Geographic focus

United Kingdom
United States

Sector focus

Financial Services
Marketplace
Retail
Wealth Management

Investment portfolio

7rounds
NAMEDATESIZE
Capitolis
Oct 2026Participated
$220 MSeries E
Digital Asset
Jun 2026Participated
$355 MSeries F
Crossover Markets Group
Mar 2026Led
$31 MSeries B
Tharimmune
Nov 2025Participated
$540 MOther Equity
Fnality International
Sep 2025Led
$133 MSeries C
Digital Asset
Jun 2025Led
$135 MOther Equity
Securitize
May 2024Participated
$47 MOther Equity
Capitolis
Oct 2026Participated
$220 MSeries E
Digital Asset
Jun 2026Participated
$355 MSeries F
Crossover Markets Group
Mar 2026Led
$31 MSeries B
Tharimmune
Nov 2025Participated
$540 MOther Equity
Fnality International
Sep 2025Led
$133 MSeries C
Digital Asset
Jun 2025Led
$135 MOther Equity
Securitize
May 2024Participated
$47 MOther Equity
7
Items
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Tradeweb Markets: 7 funding rounds are recorded in the selected participation categories.All available history.
Tradeweb Markets: 7 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series B10
Series C+12
Other Equity12

Monthly Deal Activity

Tradeweb Markets: 7 deals are recorded across 30 months.All available history.
Tradeweb Markets: 7 deals are recorded across 30 months. All available history
MonthDeals
May '241
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '251
Jul '250
Aug '250
Sep '251
Oct '250
Nov '251
Dec '250
Jan '260
Feb '260
Mar '261
Apr '260
May '260
Jun '261
Jul '260
Aug '260
Sep '260
Oct '261

Sector Breakdown

Tradeweb Markets: Fintech is the largest displayed sector by deal count (6 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Tradeweb Markets: Fintech is the largest displayed sector by deal count (6 deals). All available history
SectorDeals
Fintech6
Crypto & Blockchain4
Developer Tools2
Health & Life Sciences1

Deal Size Distribution

Tradeweb Markets: 7 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Tradeweb Markets: 7 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M0
$10M-$25M0
$25M-$50M2
$50M-$100M0
$100M-$250M3
$250M-$500M1
$500M-$1B1
$1B+0

Deals By Geography

Tradeweb Markets: United States has the largest recorded deal count among the displayed regions (5 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

Tradeweb Markets: United States has the largest recorded deal count among the displayed regions (5 deals). All available history
RegionDeals
United States5
Europe2
Tradeweb Markets: 20 co-investors are shown, with BNP Paribas sharing 4 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Tradeweb Markets: 20 co-investors are shown, with BNP Paribas sharing 4 recorded deals. All available history
Co-investorShared deals
BNP Paribas4
DRW Venture Capital3
Liberty City Ventures3
Polychain Capital3
7RIDGE2
Bank of America2
Barclays2
Broadridge Financial Solutions2
Citadel Securities2
Citi2
DTCC2
Goldman Sachs2
Optiver2
Paxos2
SBI Group2
State Street2
UBS2
Virtu Financial2
a16z crypto1
ABN AMRO1

Investment Strategy

Tradeweb Markets: Led accounts for 43% and participating for 57% of round participation.All available history.
Tradeweb Markets: Led accounts for 43% and participating for 57% of round participation. All available history
CategoryDeals (count)Share (%)
Led343%
Participating457%
Tradeweb Markets: Single-lead accounts for 33% and co-led for 67% of lead dynamics.All available history.
Tradeweb Markets: Single-lead accounts for 33% and co-led for 67% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead133%
Co-led267%

Team

Adam Gould

Managing Director and Global Head of Equities

Ben Sturgeon

Equity Product Manager

Billy Hult

CEO

Carlos Olivares

Director

Ethan Hao

Director

Joseph Noviello

Managing Director - Dealerweb Technology

Michael Heijmans

Director of Platform Technology

Pierre Fraval

Managing Director, Technology Development

Serene Murphy