BMLL secures USD 26 million in Series B funding led by Nasdaq Ventures, FactSet and IQ Capital to scale data coverage.
The financing round was led by Nasdaq Ventures, FactSet and IQ Capital, with support from existing investors.
BMLL provides harmonised historical Level 3, 2 and 1 market data and analytics across global equities, ETFs and futures. The platform offers financial institutions granular order book data to support research and trading strategies.
BMLL has secured a USD 26 million Series B funding round to accelerate its international expansion and data capabilities. The financing was led jointly by Nasdaq Ventures, FactSet and IQ Capital through its Growth Fund, alongside participation from ACF Investors and existing backers.
The capital will be directed towards acquiring new global data sets and expanding engineering operations. BMLL also plans to strengthen its physical presence in North America by opening a new office in New York.
The investment arrives on the heels of sustained commercial momentum for the data provider. Over the past year, the company has grown its revenues, expanded into futures markets, and added Tier 1 institutions and regulators to its client roster.
From the founder
"We are absolutely delighted to have secured USD 26 million in our Series B funding round. The investment is testament to the increasing need for more sophisticated tools to understand how markets truly behave and drive performance. Our granular Level 3 data and analytics capabilities help market participants unlock the full potential of the predictive power of historic pricing data and make more informed decisions."
Paul Humphrey
CEO at BMLL
Investor perspective
"Nasdaq Ventures is committed to investing in financial technology companies that align with our vision to reimagine the markets of tomorrow. By democratising access to the most granular data and analytics, all market participants can benefit from BMLL’s solutions, and we are delighted to support their continued growth."
Gary Offner
Senior Vice President and Head of Nasdaq Ventures, Nasdaq Ventures
Use of funds
- 01Continue product development
- 02Expand into international markets
- 03Build out infrastructure
