Founded in San Francisco in 2019, MerQube provides a cloud-native, API-first platform (Garage) for creating and calculating complex, rules-based indices including options-based defined outcome products, autocallable structures, and intraday/rebalancing indices. About $27 billion in assets currently follow indices calculated on MerQube’s platform, and the company is the leading index provider for defined outcome ETFs in the U.S. Its platform supports issuance and licensing for ETFs and structured products and is being used by firms such as Calamos Investments for an autocallable ETF launching in 2025. MerQube differentiates itself by handling derivatives-linked indices that legacy index platforms cannot, while offering self-service tooling for wealth and asset managers. The company holds FCA authorisation in the U.K. and plans to expand into Europe and Asia-Pacific while enhancing AI across its systems.

Total raised

$52M

Funding rounds

2

Latest round

Series C

Latest activity

Apr 2026