TruMid, the New York-based company is building an electronic trading marketplace for corporate bonds designed to increase liquidity in the credit markets. Peter Thiel and George Soros are leading a $25m venture round. Valuation whispers are north of $100m.
TruMid gets boost in electronic bond-trading competition A dozen firms including TruMid seek to transform bond market Share on Facebook Share on Twitter Venture capitalist Peter Thiel and billionaire George Soros are leading a $25 million investment in electronic bond-trading startup TruMid Financial LLC. The New York-based company is among a dozen firms competing to transform the U.S. corporate-debt market as worries mount over the difficulty of trading the $8.1 trillion of securities in existence. The investment, which was joined by Jeff Bahl, the former head of U.S. high-yield credit trading at Goldman Sachs Group Inc. and other individual investors, would value TruMid at more than $100 million, according to people familiar with the deal, who asked not to be named because the matter is private.