What Company Is Offering:
Merlin Securities is a broker dealer providing advanced reporting, trading, and operational services to hedge funds through technology driven Prime Brokerage Services. Merlin’s advanced reporting platform for single and multi-primed hedge funds provides managers with a dynamic fund transparency reporting tool that includes customizable reporting, performance attribution models (absolute and relative), risk management components and multi-prime portfolio aggregation. The firm has both Agency and Outsourced trading desks that provide clients with trading flexibility and access to all markets. Merlin Securities was named the number one Prime Broker in North America.
How Much They Got From VCs:
They announced that Sequoia Capital has made a $20mm investment in an expansion round of financing.
How This Company Is Progressing:
In 2007, Merlin was ranked the #1 Prime Broker in surveys of hedge fund managers including the Global Custodian Magazine Survey of Prime Brokers and Institutional Investor’s Alpha Awards.
What VCs Says About Company:
Sequoia Capital’s Scott Carter said, “We took a close look at the financial technology, prime brokerage and hedge fund spaces and believe that Merlin’s model of delivering superior reporting and trading technology combined with outstanding customer service to the hedge fund industry is the way of the future. As the hedge fund industry continues to be dominated by institutional investors, the reporting technologies, dedication to service and tight product integration offered by Merlin will provide an increasingly compelling value proposition.”
About VCs:
Sequoia Capital has provided early stage and growth stage venture capital for very smart founders and executives who have turned great ideas into sustainable companies of enduring value. As the "Entrepreneurs Behind the Entrepreneurs," Sequoia Capital's Partners have worked with accomplished innovators and operators who built great franchises such as Apple Computer, Cisco Systems, Flextronics, Google, LSI Logic, PayPal, Yahoo!, and YouTube.
More at: visit http://www.sequoiacap.com/.
Detail of Company:www.merlinsecurities.com.
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