Secondary market trading platform CFX Markets has netted an undisclosed seed/series A round, led by West Loop Ventures.
Other participants to the round included M25 Group, Origami Capital Partners, Harvard Business School Angels of Chicago, and SixThirty Ventures. There were also various angel investors that supplied contributions, such as Waterton Capital’s David Schwartz and ISE founder David Krell.
Chicago-based CFX Markets is an online trading platform for secondary market transactions of non-listed alternative investments. The platform provides nationwide investors with liquidity options. CFX is designed to aid shareholders, buyers, RIAs, Broker-Dealers and sponsors with trades of non-listed limited partnerships, REITs, Regulation D, EB-5, Regulation A+, LLCs and BDCs.
This new capital injection will allow the company to expand in to new markets and accelerate development in trading, clearing and settlement, and distributed ledger technology.
CFX Markets managing director Jordan Fishfeld said, “CFX Markets continues to provide the most efficient and speedy solution for investors looking to to buy or sell non-exchange traded securities. Thanks to our investors, we now have a scalable means for serving this sophisticated industry in new and innovative ways.”
Other companies within West Loop Ventures portfolio include risk alignment software company Riskalyze. Last year the company secured $20m investment, which marked its first round of external funding. International bitcoin derivative exchange Bitnomial and investment data analytics application Megalytics are also current investment of West Loop.
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