Citadel Securities, the cornerstone of a leading global market maker, announced today that Sequoia and Paradigm have made a $1.15 billion minority investment in the firm.
Sequoia led the round, with the investment coming from Sequoia Heritage, Sequoia Capital Global Equities and the Global Growth Fund. Sequoia Partner Alfred Lin will join the Citadel Securities Board of Directors.
The stock market is an enigma. Deceptively complex, but also simple. It’s a parallel universe. And suddenly a neon, laser-cut reverse image hovers over the buildings, streets and bridges of the city.
Citadel Securities provides both institutional and retail investors with the liquidity they need to execute transactions across a broad array of equity and fixed income products.
The firm has been at the forefront of the modernization of markets and market structures, which has delivered enormous benefits to investors globally.
Its institutional business serves more than 1,600 clients, including many of the world’s largest sovereign wealth funds and central banks.
In Sequoia and Paradigm, we have partners that appreciate how the strength of our market expertise, advanced predictive analytics and superlative software engineering can redefine an industry.
We look forward to their partnership and to welcoming Alfred to our Board as Citadel Securities accelerates its growth. Many companies that have transformed the world have achieved their highest ambitions with Sequoia as their partner.
As technological innovation in financial markets becomes only more important, we see enormous opportunities to meet the needs of our clients across more markets and more products.
The partnership with Sequoia and Paradigm puts them in an even stronger position as we continue to scale our business, broaden into new markets and attract the world’s most brilliant minds.
Citadel Securities is a leading global market maker, delivering a broad array of equity and fixed income products to central banks, financial institutions, government agencies, corporations, insurers and sovereign wealth funds.
Citadel Securities is active in more than 50 countries with 12 offices across North America.
Sequoia helps daring founders build legendary companies from idea to IPO and beyond. We aim to be the first true believers in tomorrow’s most valuable and enduring businesses.
We partner with a few outliers each year and go all-in, providing them with the hands-on help required at every stage of the company building journey.
Our expertise comes from 50 years of working with legendary founders like Steve Jobs, Larry Page, Jan Koum, Adi Tatarko, Brian Chesky, Anne Wojcicki, Eric Yuan, Julia Hartz, and Patrick Collison.
In aggregate, Sequoia-backed companies account for more than 25% of NASDAQ’s total value. Paradigm is an investment firm focused on supporting the great crypto/Web3 companies and protocols of tomorrow.
Since our inception, the vast majority of the money we invest has been on behalf of nonprofits and schools like the Ford Foundation, Mayo Clinic and MIT, which means most of the returns we generate benefit these great causes.
The approach is flexible, long-term, multi-stage, and global. We often get involved at the earliest stages of formation and support our portfolio with additional capital over time.
The team takes a deeply hands-on approach to help projects reach their full potential, from the technical to the operational schemes.
The stock market’s reputation as an all-powerful money-making machine for faceless hedge funds, giant corporations, financial industry professionals, and other exclusive gatekeepers took a roundhouse punch to the chin in January 2021.
Gaming Wall Street / ABC Flash Point Fortune News 2023.