OpenYield Secures New Funding to Transform the Bond Market | PR Newswire [Video]

Additional round brings OpenYield’s total funding to $7M

, /PRNewswire/ — OpenYield Inc., the operator of the FINRA and SEC-registered OpenYield ATS, announced today that it has successfully closed a new funding round to continue its mission to modernize the bond market. This most recent fundraise is led by Canapi Ventures, with additional support from Clocktower Ventures and Flow Traders and supplements earlier fundraising efforts from Fin Capital and TD Bank, bringing OpenYield’s total funding to date to $7 million.

Since the launch of its marketplace in March 2024, OpenYield has onboarded over 20 institutional subscribers, including FMSBonds, Belle Haven Investments and Maritime Capital, who join previously announced partners Flow Traders, TD Securities Automated Trading and Apex Fintech Solutions Inc. The marketplace now displays offers in tens of thousands of bonds across munis, corporates, and Treasurys, with more added regularly.

Jon Birnbaum, Founder & CEO of OpenYield, commented:“We are thankful …