Brazil derivatives exchange A5X raises $70 million in new funding round
Brazil derivatives exchange A5X raises $70 million in new funding round SAO PAULO, Sept 14 (Reuters) - Brazil's A5X, a new derivatives exchange, said on Monday it has raised 360 million reais ($70 million) in a funding round led by new investors Morgan Stanley MS.N, Goldman Sachs GS.N and Kaszek.
In a statement, A5X said it was valued at 2.7 billion reais ($524.9 million) following the Series D round, in a "post-money valuation"
A5X's current strategic investors, including IMC, Jump Trading, Optiver, XTX Markets and ABN AMRO Clearing, also participated in the round.
Separately, XP Inc. XP.O exercised a purchase option and joined A5X's investor base.
A5X said the round fully funds the company through its launch expected for the first half of 2027 and during its initial years of operation.
A5X said it has raised over 730 million reais in a total of four investment rounds so far.
A5X had previously targeted to start operations this year.
($1 = 5.1437 reais)
(Reporting by Andre Romani, Editing by Iñigo Alexander)
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