Texas Stock Exchange Parent Raises $155 Million in Third Funding Round

Bloomberg·30 Sep 2026·

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Summary · why it matters

TXSE Group Inc., the parent company of the Texas Stock Exchange, raised $155 million in a third funding round as it challenges the New York Stock Exchange and the Nasdaq for equities listings. Existing shareholders provided about three-quarters of the new money, with the rest coming from new backers, and funding for the exchange now totals $430 million, the Dallas-based company said in a statement Wednesday, without identifying the new investors. Founder and chief executive officer James Lee said the latest funding is an institutional validation of demand for a competing exchange, adding that real competition for primary listings is here and here to stay. The TXSE, which won authorization from federal regulators a year ago, recently lured an initial slate of primary listings consisting largely of companies with close ties to the exchange, among them Energy Transfer LP, whose chairman Kelcy Warren owns a big stake in TXSE Group, and Texas Capital Bancshares Inc., led by Rob Holmes, a member of an advisory board to the exchange. The exchange built its early pitch in part around support from big-name backers, attracting investments from BlackRock Inc. and Citadel Securities, and followed that with a second round of fundraising led by JPMorgan Chase & Co., while the NYSE and Nasdaq have responded with Texas-based venues designed to expand their reach in the state.

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