Cicada Securities, LLC announced that it has received $13.5 million in funding from Citigroup Inc., Investment Arm, Kaszek Management S.A., L4 Venture Builder Gestao de Capital Ltda., DILA Capital, Crestone VC, LLC, B3 S.A. - Brasil, Bolsa, Balcão
Cicada Securities LLC announced that it has received $13.5 million in round of funding led by returning investor Citigroup Inc., Investment Arm on February 25, 2026. The transaction included the participation new investors B3 S.A. - Brasil, Bolsa, Balcão, Kaszek Management S.A., L4 Venture Builder Gestao de Capital Ltda., DILA Capital and Crestone VC, LLC. The company issued convertible preferred stock in the transaction.
B3 SA Brasil Bolsa Balcao, formerly BM&F Bovespa SA Bolsa de Valores Mercadorias e Futuros, is a Brazil-based financial market infrastructure provider. The Company's service offerings range from exchange trading, clearing and other post-trading services to registration of over-the-counter (OTC) transactions. The Company also provides a listing service and acts as central securities depository (CSD). It develops software solutions and offers index licensing services. Its business is divided into four segments: Bovespa, which covers trading, clearing and settlement of equities and equity derivatives; BM&F, which covers trading, clearing and settlement of financial and commodities derivatives; Cetip Securities (Cetip UTVM), covering registration, clearing, settlement and custody systems for fixed-income securities and OTC derivatives, and Cetip Financing (Cetip UFIN), which provides an integrated private electronic system for registration of vehicle and real estate loans.
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Cicada Securities, LLC announced that it has received $13.5 million in funding from Citigroup Inc., Investment Arm, Kaszek Management S.A., L4 Venture Builder Gestao de Capital Ltda., DILA Capital, Crestone VC, LLC, B3 S.A. - Brasil, Bolsa, Balcão
