Moment today announces that it has raised $36 million in Series B funding led by Index Ventures, with participation from Andreessen Horowitz, Lightspeed Venture Partners, Venrock, Neo, and Contrary Capital.
The round brings Moment's total funding to $56 million and will be used to accelerate growth, advance partnerships with leading financial institutions, invest in research and development, and continue expanding its team in New York City. Bloomberg covered the announcement here.
"Demand for fixed-income has exploded, and leading financial institutions are capitalizing on this unique opportunity to seize market share” said Dylan Parker, CEO and co‑founder of Moment. “These firms are partnering with Moment to co-create the future of fixed income - empowering their fixed income teams with a differentiated platform to win new business, unlock eight-figure revenue channels, and genuinely 10x their productivity.”
The $150 Trillion Fixed Income Market Is at an Inflection Point
The funding comes amid a period of rapid transformation for the fixed income market:
- Electronic trading has skyrocketed, with corporate bond electronic volumes growing 10x over the last decade
- Rising rates - from near zero to roughly 5% - have sparked a surge in demand
- AI advances are enabling workflow automation that was once thought impossible
The round brings Moment's total funding to $56 million and will be used to accelerate growth, advance partnerships with leading financial institutions, invest in research and development, and continue expanding its team in New York City. Bloomberg covered the announcement here.
Partnering with Leading Financial Institutions
Moment recently announced strategic partnerships with LPL Financial, the largest independent broker-dealer in the U.S. with over $2T in assets under management.
“Moment’s platform is helping us reimagine what’s possible in fixed income,” said Mike Haire, Senior Vice President of Fixed Income at LPL. “In my 25+ years of experience leading large fixed income teams, Moment is the innovative solution we’ve been waiting for and the only player in the market offering a single, unified fixed income platform for wealth management firms. Their technology enables our team to be 10x more efficient with their time while delivering enhanced execution for our advisors.”
Moment is also partnering with Sanctuary Wealth, a leading hybrid RIA and broker-dealer with over $50B in assets under management.
“Moment’s fixed-income technology is so revolutionary that our senior leadership team has started weaving it into recruiting pitches with significant advisor teams.” said Josh Freeman, Head of Capital Markets at Sanctuary. “It demonstrates Sanctuary’s commitment to delivering best-in-class technology that supports our advisors’ businesses.”
“Moment is tackling the world’s largest financial market with exceptional speed and rigor,” said Jan Hammer, Partner at Index Ventures, who was a board member at Robinhood and Adyen and will join Moment as a new board member. “Their unique blend of deep fixed‑income expertise and world‑class engineering is why the most selective financial institutions are choosing them as a strategic partner.”
Benny’s Bowl, a pet nutrition brand, has raised $1.4 million in a pre-series A round led by Atomic Capital.
The newly raised funds will be used to boost product innovation and research that will help it launch new product lines including cat food, protein supplements among others.
Benny’s Bowl will also focus on expanding distribution across channels and spend on educating consumers about pet nutrition.
“At Benny’s Bowl, we are on a mission to build a trusted ecosystem and take active ownership of fixing the pet nutrition market. This funding allows us to double down on innovation, clinical nutrition, and accessibility, so pet parents don’t have to choose between convenience and quality. Our goal is simple: build nutrition that actually works,” said founder Akshay Gupta.
The company claims to have doubled revenue in the last 12 months and said it aims to hit ₹100 crore in annual recurring revenue by the next fiscal year.
“Raising a pet is a full-time commitment, and Benny’s Bowl is building a support system that goes beyond just products, which stood out to us. The timing couldn't be better, especially given the surge in pet adoption post COVID and the team’s ability to move quickly across categories, including their upcoming expansion into cat nutrition,” said Apoorv Gautam, managing partner, Atomic Capital.
Some of the company’s recently launched products include those that address gut health, allergies, renal health, skin and coat, and weight management.
