Investment affirms IMTC’s ability to optimize fixed income portfolios at scale
IMTC, a leading fixed income technology partner to the buy-side, announced the closing of a $12 million Series A funding round led by Nyca Partners, a venture capital firm focused on fintech innovation.
Lord, Abbett & Co. LLC (“Lord Abbett”), an independent, privately held investment management firm, and an IMTC client, joined the round as a strategic investor – its first equity stake in a fintech partner. IMTC’s highly efficient end-to-end investment platform will empower Lord Abbett to build and rebalance fixed income client portfolios at a significant scale.
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IMTC’s highly efficient end-to-end investment platform empowers Lord Abbett to optimize fixed income portfolios at a significant scale
Additional participants in the round include Tribeca ESP and several existing investors, underscoring continued confidence in IMTC’s growth trajectory.
WHY IT MATTERS:
- Renewed support from Nyca and validation of IMTC’s hyper-efficient business model: This round represents Nyca’s latest investment in IMTC, further validating IMTC’s commitment to optimizing the fixed income market. IMTC’s cutting-edge technology provides full end-to-end, interconnected workflows and drives significant operational efficiencies for investment firms. Nyca first backed IMTC in 2022.
- Rapid Separately Managed Account (SMA) growth: The fixed income SMA market – where IMTC holds a leadership position – is expanding quickly, with about $16 billion in flows entering taxable fixed income SMAs in Q4 20241, more than the prior two years combined.
- Large market opportunity: SMA municipal fixed income assets, both taxable and tax-exempt, were estimated at $1.2 trillion as of Q1 2025, up from $100 billion in 20082. This represents a significant market opportunity for scalable technology solutions.
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FROM LORD ABBETT MANAGING PARTNER DOUG SIEG:
“This investment underscores our commitment to IMTC and confidence in their leadership in fixed income technology. Their powerful platform delivers significant results for SMA managers, and we believe our partnership will accelerate industry innovation and enable us to deliver expanded, personalized solutions to clients in this evolving marketplace.”
FROM NYCA PARTNERS MANAGING PARTNER HANS MORRIS:
“Nyca’s continued support of IMTC highlights their exceptional ability to transform how the SMA market operates. Their forward-thinking approach to automating workflows and enabling scale for asset managers is a key driver in advancing efficiency, client service, and long-term growth in this segment.”
FROM IMTC CEO RUSSELL FELDMAN:
“We thank Nyca, Lord Abbett, and our other dedicated investors for their commitment to IMTC as it further validates our platform, vision and commitment to making the fixed income market more efficient. These investments allow us to continue to leverage our leading technology by accelerating product development and scaling operations while expanding our team to serve our growing client base.”
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BACKGROUND:
- As the fixed income SMA market experiences unprecedented growth, firms are increasingly turning to IMTC to power efficient, scalable, and tailored investment solutions that streamline workflow, reducing the time it takes to optimize bond portfolios by more than 95%.
- IMTC’s investment management system stands out in the market by offering dynamic portfolio construction, unparalleled connectivity to leading firms, and the flexibility and scalability that the buy-side needs to grow efficiently.
- The platform delivers advanced operational intelligence, which enables firms to automate manual workflows and customize accounts at scale, driving efficiency and improved outcomes.
- Many clients view IMTC not just as a technology provider but as a true partner, benefitting from the highly consultative nature of its sales and implementation processes and the firm’s commitment to treating clients as integral members of the IMTC community.
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Source : prnewswire