IMTC just closed a $12M Series A led by Nyca Partners with a strategic investment from Lord Abbett, and the move lands like a long overdue voltage jolt to a market that has been limping along on legacy tools pretending to be infrastructure. Russell Feldman stepping into this moment as CEO & Co-Founder feels almost inevitable, because the spark that became IMTC started with Russell Feldman staring at fixed income workflows at Deutsche AM that felt more like a punishment than a profession. Erik Zoega, the Founding Partner & President who built the early CBXmarket backbone before the 2019 rebrand, turned a raw idea into a platform with enough technical muscle to handle the bond market’s mess instead of being crushed by it, and his partnership with Russell Feldman shaped the IMTC we are watching scale today.
This $12M round is not noise. Nyca Partners does not play scattershot. When an investor doubles down, it is because the metrics smack of inevitability. IMTC is running 20B+ calcs a day, optimizing hundreds of portfolios in minutes instead of 8-hour marathons, and supporting firms like Franklin Templeton, T Rowe Price, SEI, Amerant Investments, and Lord Abbett. When a client becomes an investor, as Lord Abbett did here, it signals something louder than confidence. It signals that IMTC has become the connective tissue for scaling taxable and muni SMA programs in a market racing toward $1.2T in muni SMA assets and accelerating flows in taxable strategies.
The platform’s performance reads like someone finally tuned the fixed income engine the industry kept pretending was fine. With a 1.2M-bond universe, IMTC helps managers cut manual work by ~70%, reduce allocation time by ~80%, and convert operational drag into real capacity that drives AUM growth inside a single quarter. CTO Casper Stromfeldt built an Azure-based architecture that behaves less like software and more like a living system, while COO Raphael Schmideg ensures the operational discipline that SOC2TypeII demands. Add the commercial punch of leaders like Dave Antonelli and Blake Lynch, and you see why RIAs and institutions are shifting from spreadsheet survival mode to genuine scalability.
The signal to the market is clear. Firms capturing the next wave of fixed income SMA growth are not the ones patching holes in old systems. They are the ones adopting technology that lets customization operate at scale without lighting the org chart on fire. IMTC is selling acceleration to every manager tired of fighting their tools, and this Series A gives them the fuel to widen that gap.
Startups Startup Funding Venture Capital Series A Wealth Tech Wealth Management Investment Tech Fintech Infrastructure Compliance Technology Innovation Tech Ecosystem Startup Ecosystem
