Cicada: $13.5 Million Raised To Modernize Local-Currency Latin American Bond Trading
By Amit Chowdhry ● Feb 25, 2026
Cicada, a U.S.-regulated electronic trading platform connecting institutional capital to local-currency markets in Latin America, announced it has raised $13.5 million in a Series A funding round led by Citi. The round included participation from the Brazilian Stock Exchange (B3) through its independent venture capital arm, L4, as well as Kaszek, Dila, and Crestone. The financing also includes a parallel strategic equity program aimed at anchoring liquidity through committed market makers, with leading Wall Street institutions joining as early participants.