OneChronos Announces $32M in Expansion Capital
Gunderson Dettmer represented client OneChronos, the technology company leveraging advances in auction theory and computer science to optimize financial markets, in the announcement of its $32 million expansion capital. OneChronos operates Smart Markets that optimize institutional measures of trade quality through sophisticated matching technology. The company will use the new capital to accelerate its growth in existing markets and its expansion into new ones, where current trading mechanisms leave significant value untapped.
In the announcement of the transaction, OneChronos Chief Executive Officer and Co-founder Kelly Littlepage said, “This funding validates our team's progress in traditional capital markets and will help us achieve our vision of leveraging advances in market design and AI to find trade efficiencies that grow the global economy. We've demonstrated how Smart Markets can transform trading in equities. Now we're ready to bring these same innovations to other markets where traditional trading mechanisms leave significant value on the table.”
The Gunderson Dettmer deal team was led by Melissa Marks and included Eugene Kim, Alex VanDerKolk and Gregory Miele.
Companies
OneChronos