US-based index technology provider MerQube has completed a Series C funding round supported by 7RIDGE and Deutsche Börse Group, although the total capital raised has not been disclosed.
The new investors join an established group of backers, including Allianz Life Ventures, Citi, Intel Capital, J.P. Morgan, Laurion Capital Management, and UBS.
7RIDGE focuses on private market investments in transformative financial technologies, while Deutsche Börse Group operates as a global provider of financial market infrastructure.
MerQube plans to deploy the new capital to reinforce its position in options-based structured ETFs and to further develop its Garage platform. The company also aims to enhance its technology stack and extend its presence among wealth and asset management clients across the US, Europe, and Asia-Pacific. In addition, it will invest in its quantitative investment strategies (QIS) offering to strengthen collaboration with existing clients.
The funding comes amid strong growth in passive index-linked strategies, which are expanding at an annual rate of around 10% and are projected by PwC to reach approximately $70 trillion by 2030. Within this growth, demand is increasingly shifting toward more sophisticated products, including derivative-based autocallables and defined outcome solutions, as investors look for customised, risk-managed returns.
Founded in 2019, MerQube currently supports roughly $27 billion in assets linked to its indices. Its platform is designed to deliver the flexibility, computational capability, and speed required to create, calculate, and manage complex investment strategies. The firm is widely recognised as a leading provider of indices underpinning defined outcome ETFs and holds a strong position in derivatives and options-based indexing.
