Clear Street Raises $435 Million in Series a Funding Round

New York-based Clear Street raised the first tranche of the round in May of 2022 at a $1.7 billion valuation. Prism led that first tranche as well, which was the company's first round of funding raised from outside investors. Until last year, Clear Street had been operating with only capital provided by its co-founders. The company claims that its prime clearing platform processes 2.5% of the gross notional US equity's volume.