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.”
At Atomic Capital, we partner with founders who are willing to take audacious bets and who value building alongside an Operating VC. For us, capital is just the starting point. The real work begins post-investment - sharpening distribution, tightening unit economics, strengthening supply chains and building long-term brand moats.
We are a conviction-led fund and don’t rely on external validation to make decisions. If something makes structural and fundamental sense to us, we move with clarity and speed. In this case, we issued a term sheet within a week of our first call. Interestingly, we learned that several investor responses followed soon after.
We are building for India’s consumer story for 2030 and we believe pet parents will be a meaningful driver of discretionary spends. Post-Covid, first-time pet adoption surged across urban households, accelerating the shift from pet ownership to pet parenting. We had been actively looking for exposure in this category and are elated to announce that we recently led Benny's Bowl’s $1.4M Pre-Series A round.
Here are a few things that stood out for us:
- India’s Pet Parenting Shift is structural: India’s pet nutrition market is compounding at 15-20% YoY, with premium and functional segments growing even faster. Urban pet parents are prioritising ingredient transparency, clinical validation and long-term health outcomes. The category remains underpenetrated and trust-led brands will define it.
- Community-Led Distribution: Petfed’s 2L+ pet parent base gives the team direct access to a deeply engaged audience, strengthening both reach and product feedback loops.
- Strong Customer love: Over 80% of revenue is repeat-driven, signalling strong product-market fit. Margins are strengthening as the business grows without sacrificing economic discipline.
- Early Traction Across Channels: Pet food is a replenishment category - availability drives retention. Despite limited distribution, Benny’s Bowl has built strong traction across D2C, marketplaces and quick commerce, positioning the brand for success.
- Founder alignment from Day One: Akshay Gupta immediately aligned with our partnership-led approach to company building. That shared philosophy made the decision straightforward.
- Team Built for Scale: The core team led by Snehashish on Growth and Parimal on Operations is structured to scale Benny’s Bowl to a ₹100-200 Cr brand in less than 18 months.
- Clear NPD Roadmap: Fresh meals built the initial wedge. Expansion into cat food, dry formats, supplements and functional SKUs will unlock a significantly larger share of the pet’s bowl.
We’re excited to partner with Akshay and team to serve the evolving needs of India’s new-age pet parents and raise the bar on pet nutrition. Pet nutrition in India is just getting started and we believe Benny’s Bowl is building the right foundation for the next decade.
Atomic Capital Akshay Gupta Shivangi Goyal Nikhil Patil Manish Jain Benny's Bowl
