NEW YORK & DENVER – (COMMERCIAL THREAD) – CIBC Innovation Banking is pleased to announce a $ 10 million credit facility for MayStreet Inc. (“MayStreet”) of New York City, an industry leader in technology market data and content provider. The credit facility is available to help the rapidly growing financial technology company further develop its business.
Founded in 2012, MayStreet offers market data technology that delivers high-quality global market data to enable data-driven decision making. Combining ultra-low latency software with consolidated, high-end and comprehensive data, MayStreet empowers its customers – including sellers, buyers, suppliers, regulators and academics – to gain deeper insight to drive investment, trading, execution analysis and compliance.
“Very high quality data is essential to fuel the most innovative technologies being developed on Wall Street and beyond, and MayStreet is at the forefront of market data with its end-to-end platform,” said Kevin Grossman, Managing Director of CIBC. Denver Office of Innovation Banking. “The business of the company is growing rapidly and our team is happy to support their continued expansion. ”
“We believe we have an important opportunity to help capital market participants continue their digital transformation efforts by making the most efficient use of the vast amounts of data available today,” said Patrick Flannery, CEO and co -Founder of MayStreet. “The CIBC Innovation Banking team shares our vision, and we’re happy to have them ready to help us accelerate our growth plans when needed.
MayStreet’s existing equity investors include the NEXT Investors of Credit Suisse Asset Management.
About CIBC Innovation Banking
CIBC Innovation Banking provides strategic advice, cash management and financing to North American innovation firms at every stage of their business cycle, from startup to IPO and beyond. With offices in Atlanta, Austin, Chicago, Denver, Menlo Park, Montreal, New York, Reston, Toronto and Vancouver, the team has extensive experience and a strong collaborative approach that spans all commercial banking activities and CIBC Capital Markets in the United States and Canada.
MayStreet’s market data technology delivers the highest quality, comprehensive global market data to enable data-driven decision making. Combining ultra-low latency software with consolidated, high-end and comprehensive data, MayStreet empowers its customers – including sellers, buyers, suppliers, regulators and academics – to gain deeper insight to drive investment, trading, execution analysis and compliance. MayStreet’s services include: Bellport Feed Handler Solution – processing real-time and historical market data; MayStreet Market Data Lake – global multi-asset trading data to fuel pre-trade, trade and post-trade analysis; and MayStreet Analytics Workbench – a flexible, cloud-based toolkit for analyzing, querying and visualizing standardized market data. For more information, please visit www.maystreet.com.