Eris Innovations
Latest round
- Series B
Last raised
- Sep 2012
Total raised
- Undisclosed
Investors
- 2
About Eris Innovations
Founded in 2010 and headquartered in Chicago, US, Eris Exchange LLC focuses on developing futures contracts that serve as alternatives to traditional OTC swaps. The innovative Eris Methodology underpins the product development, allowing these listed futures contracts to be accessible to a broader market, promoting transparency and ease of trading. Eris SOFR futures enable users to hedge against rate movements, providing a solution for various financial instruments and portfolios, including mortgage servicing rights, asset and liability management for banks, and fixed income investments.Eris Futures generates revenue through its transaction-based model, primarily from trading fees associated with the buying and selling of its Eris SOFR futures contracts. The revenue structure is supported by the trading of contracts that mimic OTC swaps without the complexities of ISDA agreements or costly clearing arrangements. Revenue is further supplemented through partnerships with global exchanges, such as CME Group, which facilitate a seamless trading experience for clients. Specific pricing plans for transactions depend on the notional values of the contracts, with initial margins significantly lower than those typically required for cleared interest rate swaps, enhancing cost efficiency for users. The company aims to design and launch new products while expanding into international markets, targeting regions that require robust interest rate hedging solutions.
Who invested in Eris Innovations
2 investors across 1 round
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Funding rounds
Series B
Sep 25, 2012
Amount
Undisclosed
Investors
Questions about Eris Innovations
Who invested in Eris Innovations?
Eris Innovations has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Eris Innovations raised?
Eris Innovations has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Eris Innovations last raise money?
Eris Innovations's most recent round on record is a Series B, in Sep 2012.
What does Eris Innovations do?
Founded in 2010 and headquartered in Chicago, US, Eris Exchange LLC focuses on developing futures contracts that serve as alternatives to traditional OTC swaps.
Where is Eris Innovations headquartered?
Eris Innovations is headquartered in Chicago, US.
Which VCs invest in companies like Eris Innovations?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back financial services companies at Eris Innovations's stage. Their profiles are linked below.
VCs backing financial services startups at Series B
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