MerQube, a US-based index technology provider specialising in rules-based investment strategies, has completed a Series C funding round backed by 7RIDGE and Deutsche Börse Group, though the amount raised has not been disclosed.
The two new investors join an existing roster that includes Allianz Life Ventures, Citi, Intel Capital, J.P. Morgan, Laurion Capital Management, and UBS.
7RIDGE is a private markets asset manager focused on transformative financial technologies, while Deutsche Börse Group is a global financial market infrastructure provider.
MerQube intends to use the capital to strengthen its position in options-based structured ETFs and expand its Garage platform. The firm also plans to deepen its technology capabilities and broaden its reach across wealth and asset management clients in the US, Europe, and Asia-Pacific. Investment in its quantitative investment strategies (QIS) offering is also on the agenda, with a view to enhancing collaboration with existing clients in that space.
The fundraise comes against a backdrop of significant growth in passive index-linked strategies, which are expanding at roughly 10% annually and are projected by PWC to reach around $70tn by 2030. Demand within that growth is increasingly tilting towards more complex strategies — including derivative-enabled autocallables and defined outcome products — as investors seek tailored solutions for risk-managed return profiles.
Founded in 2019, MerQube now has approximately $27bn in assets tracking its indices. The platform is designed to provide the customisation, computational power, and speed-to-market required to design, calculate, and operate sophisticated investment strategies. It is recognised as a leading provider of indices underpinning defined outcome ETFs and holds a significant position in derivatives and options-based indices.
MerQube CEO Vinit Srivastava said, “We are thrilled to welcome our new investors, 7RIDGE and Deutsche Börse Group, as we accelerate delivery of our vision to close the fintech gap in passive investment. The trust provided by these two leading organizations, and our existing investors, will help us further our leadership in indexing for complex indices, bringing innovation and scale to complement our unique technology and deep understanding of the ecosystem.”
7RIDGE CEO and co-founder Carsten Kengeter said, “MerQube exemplifies the transformational financial technology that 7RIDGE specializes in investing in. MerQube’s sophisticated, rules-based strategies position it to benefit from clear shifts in the investment landscape as it enables transparent, technology-enabled solutions that can scale globally. We are excited to support the team as they accelerate growth and deepen MerQube’s role at the core of ETF and structured product global infrastructure.”
Deutsche Börse Group executive board member Christian Kromann said, “We are thrilled to invest in and partner with MerQube. The demand for customization, flexibility, and speed-to-market in index-linked investing has been accelerating. MerQube’s cutting-edge technology and innovative approach to indexing respond to this demand. In addition, its focus on customized complex indices, strong presence in the Americas, cloud-native SaaS index, and self-indexing platforms make it highly complementary to our established index business. We are convinced that by combining strengths with MerQube, we will be able to further drive true innovation in the indexing industry.”
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