# Eris Clearing

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/eris-clearing

- Industry: Software
- Headquarters: Chicago, US
- Website: www.erisx.com
- Total disclosed funding: $48M
- Latest round: Series B (Apr 30, 2019)
- Investors on record: 20

## About

Eris Clearing LLC operates a robust platform facilitating the trading of digital asset futures, ensuring regulatory compliance and transparency in the evolving cryptocurrency market.Founded in 2017, Eris Clearing LLC is headquartered in Chicago, US. The firm specializes in digital asset trading and was recently acquired by CBOE Holdings, Inc. from a consortium of investors, completing this deal on October 20, 2021. The firm has completed a total of 4 deals. Thomas C serves as the CEO of the company. Eris Clearing raised a total of USD 20.00 mn in its latest funding round, a Series B round, which was part of the broader investment landscape for digital assets.Eris Clearing LLC offers a comprehensive suite of products focused on digital asset futures trading. Their primary products include futures contracts for various digital assets, traded on the Cboe Digital Exchange, LLC, which is a registered Designated Contract Market. These futures contracts aim to mitigate settlement risk through services provided by Cboe Clear U.S., LLC, a registered Derivatives Clearing Organization. Their offerings cater to a diverse clientele that includes institutional investors and traders, primarily targeting the US market while also appealing to international participants interested in digital asset trading.Eris Clearing LLC generates revenue through transaction fees associated with the trading of its digital asset futures products. The firm earns fees based on the transaction volume executed on its exchange platform, which typically involves institutional clients and individual traders. Revenue also stems from partnerships and service agreements that enhance its market presence. While specific pricing for individual products is not publicly available, revenue is closely tied to the trading volume of their futures contracts, reflecting the active nature of the digital asset marketplace.Eris Clearing LLC plans to leverage the recent USD 20.00 mn funding from its Series B round to enhance its product offerings and expand into new geographic markets. Although specific upcoming products have not been detailed, the firm aims to design and launch new futures products to meet growing market demands. Additionally, the company is looking at international markets for expansion, particularly targeting regions with burgeoning interest in digital assets. The recent acquisition by CBOE Holdings, Inc. is expected to support these initiatives, providing additional resources and strategic direction.

## Funding rounds

- Series B, Apr 30, 2019, $20M — Flow Traders BV, Susquehanna International Group, VIRTU Financial Inc., Pantera Capital, CTC Capital, DRW Venture Capital, TradeStation, CBOE Holdings, Inc., Nasdaq Ventures, ConsenSys Ventures, Castle Island Ventures, CMT Digital, Dragonfly Capital, Arc Light Securities, ED&F MAN Capital Markets
- Series B, Dec 4, 2018, $28M — Valor Equity Partners, Fidelity Investments, Monex Group, Inc., Digital Currency Group, Pantera Capital, CTC Capital, DRW Venture Capital, Bitmain Technologies Holding Company, Nasdaq Ventures, ConsenSys Ventures
- Series A, Oct 1, 2018 — Valor Equity Partners, CBOE Holdings, Inc.

## Investors

- Valor Equity Partners (https://capitalatlas.ai/funds/valor-equity-partners) — Series A, Series B
- CBOE Holdings, Inc. — Series A, Series B
- Fidelity Investments (https://capitalatlas.ai/funds/fidelity-investments) — Series B
- Monex Group, Inc. — Series B
- Digital Currency Group (https://capitalatlas.ai/funds/digital-currency-group) — Series B
- Pantera Capital (https://capitalatlas.ai/funds/pantera-capital) — Series B
- CTC Capital (https://capitalatlas.ai/funds/ctc-capital) — Series B
- DRW Venture Capital (https://capitalatlas.ai/funds/drw-venture-capital) — Series B
- Bitmain Technologies Holding Company — Series B
- Nasdaq Ventures (https://capitalatlas.ai/funds/nasdaq-ventures) — Series B
- ConsenSys Ventures (https://capitalatlas.ai/funds/consensys-ventures) — Series B
- Flow Traders BV — Series B
- Susquehanna International Group — Series B
- VIRTU Financial Inc. — Series B
- TradeStation — Series B
- Castle Island Ventures (https://capitalatlas.ai/funds/castle-island-ventures) — Series B
- CMT Digital (https://capitalatlas.ai/funds/cmt-digital) — Series B
- Dragonfly Capital — Series B
- Arc Light Securities — Series B
- ED&F MAN Capital Markets — Series B