OpenYield Secures Additional Funding to Expand Bond Market Platform
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OpenYield Secures Additional Funding to Expand Bond Market Platform

OpenYield Inc., the operator of the FINRA and SECregistered OpenYield ATS, announced that it has successfully closed a new funding round. This round aims to further the companys mission to modernize the bond market by providing brokerages, advisors, and asset managers with improved access to this asset class. The most recent fundraise was led by Canapi Ventures, with additional support from Clocktower Ventures and Flow Traders. This funding, combined with earlier investments from Fin Capital and TD Bank, brings OpenYields total funding to $7 million.

Since its marketplace launch in March 2024, OpenYield has onboarded over 20 institutional subscribers, including major firms like FMSBonds, Belle Haven Investments, and Maritime Capital. These new subscribers join existing partners such as Flow Traders, TD Securities Automated Trading, and Apex Fintech Solutions Inc. The marketplace displays offers in tens of thousands of bonds, providing actionable liquidity for munis, corporates, and Treasurys.

Jon Birnbaum, Founder & CEO of OpenYield, stated: We are thankful to all participants involved in our capital raise. This funding will propel us in our mission to transform how brokerages, advisors, and asset managers access the bond market. He also mentioned, Our team is focused on advancing the industry. Looking ahead, OpenYield is excited to welcome new participants to leverage our realtime liquidity and modernize the investment process within the global $100 trillion fixed income asset class.

Jeffrey Reitman, General Partner at Canapi Ventures, added: We are thrilled to support OpenYield on its journey to transform the bond markets. By revolutionizing outdated bond trading technology with a combination of automated liquidity, easy integration, favorable economics, and familiar market structures that serve all participants, OpenYield is fundamentally reshaping how the market engages with this asset class. Wealth management is a major priority for most banks today, and its only a matter of time until OpenYield enables them to efficiently trade in and out of fixed income securities on behalf of retail customer accounts. We are proud to back a team that is driving such meaningful change.

About Us:
OpenYield is a cuttingedge bond marketplace delivering an equitylike trading experience with leading economics. Their platform offers instantly actionable liquidity for corporate bonds, munis, and Treasurys. For those seeking scalable fixed income solutions, OpenYield is positioned as the bond market of the future. For more information and regular updates, visit their website at [www.openyld.com](http://www.openyld.com).

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