Bond Buyer: IMTC secures VC funding, focuses on SMAs
Read about IMTC's announcement on securing funding and increasing focus on bond SMA managers, as published on The Bond Buyer.
May 16, 2022
Originally published on The Bond Buyer.
By Jessica Lerner, Markets Reporter at Bond Buyer
IMTC, a provider of fixed-income investment management technology, secured its first external funding round, led by venture capital company Nyca Partners, allowing the previously privately funded firm to scale software development and client success teams.
This round of funding will help IMTC expand its software engineering resources, allowing it to improve its optimization engine and expand its list of industry and data connections, the firm said. IMTC said it is focused on developing solutions that enable efficiency in managing separately managed accounts (SMAs).
“We’re looking to triple our development team and bring on resources that will allow us to scale and capture the opportunity we see in the market,” said Russell Feldman, IMTC’s new chief executive officer. “Fixed-income technology has been neglected for so long, having the funding and the investment partners to work with to modernize this market is super exciting.”
Read the full article on Bond Buyer’s website…
This paper is intended for information and discussion purposes only. The information contained in this publication is derived from data obtained from sources believed by IMTC to be reliable and is given in good faith, but no guarantees are made by IMTC with regard to the accuracy, completeness, or suitability of the information presented. Nothing within this paper should be relied upon as investment advice, and nothing within shall confer rights or remedies upon, you or any of your employees, creditors, holders of securities or other equity holders or any other person. Any opinions expressed reflect the current judgment of the authors of this paper and do not necessarily represent the opinion of IMTC. IMTC expressly disclaims all representations and warranties, express, implied, statutory or otherwise, whatsoever, including, but not limited to: (i) warranties of merchantability, fitness for a particular purpose, suitability, usage, title, or noninfringement; (ii) that the contents of this white paper are free from error; and (iii) that such contents will not infringe third-party rights. The information contained within this paper is the intellectual property of IMTC and any further dissemination of this paper should attribute rights to IMTC and include this disclaimer.
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