OpenYield Lands LeveL Markets as Strategic Investor and Distribution Partner to Bring Equity-Style Trading to Bonds

OpenYield, a bond marketplace platform, closed over $6 million in Series A funding led by LeveL Markets, with additional participation from Draper Associates, Canapi Ventures and Clocktower Ventures. LeveL Markets will integrate OpenYield's all-to-all bond marketplace into its equities ATS platform, providing institutional clients direct access to bond liquidity through existing equity trading connections. OpenYield has executed nearly $2 billion in volume across corporate bonds, municipal bonds and U.S. Treasurys with over 60 institutional clients representing $5 trillion in assets under management.