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 shareâ said DylanâŻParker, CEO and coâfounder of Moment. âThese 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.â
The $150âŻTrillion 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.
âMomentâs platform is helping us reimagine whatâs possible in fixed income,â said Mike Haire, Senior Vice President of Fixed Income at LPL. âIn my 25+ years of experience leading large fixed income teams, Moment is the innovative solution weâve 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.â
Moment is also partnering with Sanctuary Wealth, a leading hybrid RIA and broker-dealer with over $50B in assets under management.
âMomentâs fixed-income technology is so revolutionary that our senior leadership team has started weaving it into recruiting pitches with significant advisor teams.â said Josh Freeman, Head of Capital Markets at Sanctuary. âIt demonstrates Sanctuaryâs commitment to delivering best-in-class technology that supports our advisorsâ businesses.â
âMoment is tackling the worldâs largest financial market with exceptional speed and rigor,â said JanâŻHammer, Partner at IndexâŻVentures, who was a board member at Robinhood and Adyen and will join Moment as a new board member. âTheir unique blend of deep fixedâincome expertise and worldâclass engineering is why the most selective financial institutions are choosing them as a strategic partner.â
Rio Innobev, the homegrown beverage startup, has raised its first institutional funding of Rs 10 crore in a pre-Series A funding round led by Atomic Capital and other marquee investors, it said in a media release on Tuesday.
The Pune-based startup will utilize the fresh funds into its four growth pillars: distribution expansion, brand building, product innovation, and manufacturing upgrades. The company aims to expand its portfolio across indulgence, health, and functional beverage segments, catering to evolving consumer preferences.
Further, the brand is preparing for aggressive nationwide expansion and product innovation. Currently present in over 35,000 retail stores across more than 25 cities in Maharashtra and Gujarat, Rio Innobev aims to scale to 1,00,000 outlets over the next three years while deepening its omnichannel presence with quick commerce platforms and modern trade networks.
Rahul Sangoi, CEO and Co-founder of Rio Innobev said, "When we started RIO, our clear mission was to create a beverage brand that reflects the energy, tastes, and aspirations of a new generation of Indian consumers. We saw a massive gap in the market for fun, flavour-forward, and affordable drinks that didnât compromise on quality. From day one, weâve stayed nimble, bold, and focused on building a brand that challenges the status quo."
Founded in 2014, Rio Innobev has been EBITDA positive since beginning, scaled from 5 employees to 145, grown from 7.5 lakh units in its first year to over 15 million cans and bottles sold annually. With the Indian beverage market ripe for further disruption, the company aims to become a Rs 500 crore brand in the next four years.
