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Trumid operates as a financial technology firm, providing an electronic trading network specifically designed for the fixed income market. The company’s core offering optimizes the credit trading experience by integrating agile technology with deep market expertise. This platform supports various trading protocols including Request-for-Quote, Portfolio Trading, and Swarms, aiming to enhance liquidity and efficiency for institutional participants.
The company was founded in June 2014 by Ronnie Mateo, a seasoned professional in the financial markets, who later brought on Michael Sobel as President and Co-CEO. Their collective insight stemmed from recognizing the need for technological advancement to modernize and transform the traditionally manual processes within credit trading, leveraging their extensive experience as former traders and fixed income experts to build a more efficient ecosystem.
Trumid serves a broad range of institutional clients, facilitating interactions within its secure and robust trading environment. The company’s vision centers on continuing to evolve the landscape of fixed income trading, providing a transparent and efficient marketplace where participants can execute trades with greater ease and confidence, ultimately driving forward the digitization of credit markets.
Trumid has raised $94.0M across 2 funding rounds.
Key people at Trumid.
Trumid was founded in 2014 by Ronnie Mateo (Founder and Co-Chief Executive Officer).
Trumid has raised $94.0M in total across 2 funding rounds.
Trumid has raised $94.0M across 2 funding rounds. Most recently, it raised $58.0M Series D in September 2018.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Dec 23, 2025 | Architect | $35.0M Series A | Miami International Holdings, Tioga Capital | ARK Invest, CMT Digital, Coinbase Ventures, Galaxy Ventures, Strobe Ventures, Third Kind Venture Capital, Vaneck |
| Mar 14, 2023 | Invenda Group | $19.0M Series B | ON Running, Alexandre Perez, Trumid | Sylvie Mutschler VON Specht |
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 1, 2018 | $58M Series D | — | Founders Fund | Announced |
| Oct 1, 2015 | $36M Series B | — | Altari Ventures, Broadway Angels, Founders Fund, Thorsten Schröder | Announced |
Key people at Trumid.
Trumid is a fintech company that builds an electronic trading platform for fixed income markets, specifically modernizing credit trading with tools like RFQ protocols, Attributed Trading, Swarms, and Portfolio Trading.[1][2][5] It serves over 1,400 traders from nearly 1,000 buy- and sell-side institutions, solving the inefficiencies of traditional voice-based trading by enabling automation, liquidity access, pre-trade pricing (e.g., Trumid PT Pricer™), and post-trade analytics through a single intuitive app.[1][2][5] As a FINRA-registered broker-dealer, Trumid unlocks institutional liquidity via network effects and data science, with strong growth including Attributed Trading surpassing $3 trillion in volume by May 2025 and positioning as one of the three largest U.S. electronic trading platforms.[3][4][5]
Trumid was founded in 2014 in New York by former traders and fixed income market experts who identified the need to digitize the voice-dominated credit market using technology, superior design, and user experience.[2][4][7] Key leaders include CEO Mike (overseeing strategy and operations, driving growth to industry leadership) and CTO Tony Schiavo (since 2015, architect of the agile tech stack with prior roles at Merrill Lynch, RBC, Citigroup, and UBS).[2] Early vision focused on transforming trader workflows; pivotal growth came through product launches like Swarms, Attributed Trading, and AutoPilot™, leading to rapid adoption and milestones such as $3 trillion in Attributed Trading volume by May 2025.[1][4][5]
Trumid rides the trend of electronic trading digitizing fixed income, particularly credit markets long reliant on voice brokerage, amid demands for transparency, efficiency, and automation post-regulatory shifts and rising institutional volumes.[1][2][3] Timing aligns with fintech maturation, where data science and network effects unlock liquidity—Trumid's platform empowers buy- and sell-side to set transparent pricing, reducing costs and risks.[3][5] It influences the ecosystem by setting standards for hybrid protocols (electronic + voice elements), boosting market participation, and integrating with partners like order management systems, accelerating adoption among top institutions.[1][5][6]
Trumid's momentum—fueled by volume milestones, expanding protocols, and tech leadership—positions it for deeper penetration in U.S. credit trading and potential global expansion.[4][5] Trends like AI-driven pricing, regulatory pushes for electronification, and private credit growth will shape its path, enhancing tools like AutoPilot™ and hedging automation.[1][2] Its influence may evolve through acquisitions, new asset classes, or partnerships (e.g., with Deutsche Börse Ventures), solidifying its role as a credit market innovator and delivering sustained network-driven value.[3][5] This builds on its core mission to transform trading through technology and expertise.
Trumid was founded in 2014 by Ronnie Mateo (Founder and Co-Chief Executive Officer).
Trumid has raised $94.0M in total across 2 funding rounds.
Trumid's investors include Founders Fund, Altari Ventures, Broadway Angels, Thorsten Schröder.
