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
Many founders believe that fundraising is the only time to connect with VCs and that it's a binary yes/no conversation. From our experience, we see it as a journey. We encourage founders to reach out to us irrespective of stage, scale, or sector.
Like any other institutional investor, we have a structured investment process with thorough evaluation and deep dive review by our investment committee. We wanted to use this post to share the considerations that come up during those discussions.
1. Atomic Capital's value-add in the journey We don't rely on what founders can do for Atomic Capital - we explicitly discuss what Atomic Capital can do for the founders. For example, when evaluating a warehousing company, we could list down key unlock drivers like network density and tech integration.
2. Post product-market fit We have seen our playbook is most effective at a certain scale - not too soon and not too late. We like to partner with founders once they are able to demonstrate PMF.
3. Capital efficiency as the DNA We believe capital efficiency and unit economics are the DNA of the business, and we like to build strong robust scenarios to assess the return on capital deployed.
4. Team for professional marriage This journey is relatively long-term, and we believe it is a professional marriage - hence having the right mindset, value system, and cultural alignment is critical.
5. Consumer love We place emphasis on indicators such as NPS, retention, and consumer feedback. There should be a clear demonstration of why consumers love the product - a strong, product-first story that resonates with customers.
6. Alignment with Atomic Capital playbook/investment thesis We are chasing India's consumer in 2030 and believe middle India will drive most of the value. We get excited about specific themes we have discussed in previous posts, such as middle India powering future consumption growth.
7. Clear value unlock articulation We look for focused execution. For example, in one company we evaluated, the spray-and-pray approach across categories made it harder to see the path to value creation.
8. Right ownership Given we like to have sizeable skin in the business, meaningful ownership helps align incentives for the long haul.
These considerations shape our investment committee discussions as we look for partnerships where mutual value creation is clear. They help us identify opportunities with strong alignment and execution potential.
A few best practices to make the fundraising journey more efficient
- Do not just focus on the pitch - communicate the context.
- Have a solid grasp of your metrics so discussions can go deeper when needed.
- Avoid over-selling the future - build conviction through realistic plans.
- Build momentum in the process - continuous engagement and timely responses go a long way.
- Lead with a consumer-backed, product-first narrative.
- Respect the process - even basic hygiene like punctuality and reliable connections matter.
- Avoid artificial FOMO, especially with conviction-backed funds like Atomic Capital.
- Authenticity matters - speak to the audience while staying true to your story.
Raising capital is a strategic milestone, but the real work is building a great company. Weâre here to partner with founders who share that mindset.
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