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Asset/Investment Management
FINANCE | Asset/Financial Management
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Investments

11

Portfolio Exits

5

Partners & Customers

10

Service Providers

1

About Citadel

Citadel analyzes global markets with discipline and focus, and employs a range of strategies in an effort to deliver investment returns to capital partners. It empowers talented minds in finance with a combination of deep fundamental research, predictive analytics, and technology to identify and capture new opportunities.

Citadel Headquarter Location

131 South Dearborn Street

Chicago, Illinois, 60603,

United States

312-395-2100

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Latest Citadel News

Citadel's Griffin chides retail investors for taking down Melvin Capital

May 20, 2022

Larry Busacca/Getty Images Entertainment Citadel LLC's Ken Griffin said retail investors that participated in the meme-stock craze of early 2021 contributed to Melvin Capital's demise. With tens of millions of households getting pandemic relief checks in 2020 and 2021, many people "took a run at the stock market," he said at Bloomberg Intelligence Market Structure conference. Griffin pointed out that it's investors like pension plans that got hurt when retail investors decided to put a short squeeze on GameStop ( GME ) and other meme stocks in an effort to bring down Melvin, Gabe Plotkin's hedge fund. "So you basically helped wipe out the pension plans of teachers? You feel good about that?" he asked. "It's not Gabe's money you're taking down. You're taking down the money from a pension plan that belongs to a teacher," he said. On Thursday, Bloomberg, CNBC and other media outlets reported that Melvin Capital was winding down and would return investors' money. Plotkin had worked at Citadel LLC early in his career, and Citadel invested money in Melvin in January 2021 to stabilize the fund after the meme-stock short squeeze. Part of the phenomenon was stock trading for entertainment. "There was certainly an entertainment dimension that came into play with money that in some sense just dropped out of the sky into their wallets...and they took a run at the stock market," Griffin said. He also put into perspective Gabe Plotkin's decision to shut down hedge fund Melvin Capital. The average hedge fund lives for about three years, Griffin said. "Several hundred shut down a year and the world goes on." As for Plotkin, "Gabe's was certainly an iconic investor over his career.. over his career, he certainly did an incredible job for his investors, kudos to him." "He went through a really tough run. He chose a decision that worked for him."

Citadel Investments

11 Investments

Citadel has made 11 investments. Their latest investment was in Break Through Tech as part of their Unattributed VC on April 4, 2022.

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Citadel Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/13/2022

Unattributed VC

Break Through Tech

$26M

Yes

2

11/8/2021

Seed

Schoolhouse.world

Yes

1

11/3/2021

Series C - II

Yellowbrick Data

$75M

Yes

12

11/15/2019

PIPE

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10

8/16/2019

PIPE

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10

Date

4/13/2022

11/8/2021

11/3/2021

11/15/2019

8/16/2019

Round

Unattributed VC

Seed

Series C - II

PIPE

PIPE

Company

Break Through Tech

Schoolhouse.world

Yellowbrick Data

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Amount

$26M

$75M

New?

Yes

Yes

Yes

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Co-Investors

Sources

2

1

12

10

10

Citadel Portfolio Exits

5 Portfolio Exits

Citadel has 5 portfolio exits. Their latest portfolio exit was Annexon Bioscience on July 24, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/24/2020

IPO

$99M

5

5/9/2019

IPO

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$99M

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10

10/11/2018

IPO

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$99M

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10

9/27/2018

IPO

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$99M

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10

6/21/2018

IPO

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$99M

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10

Date

7/24/2020

5/9/2019

10/11/2018

9/27/2018

6/21/2018

Exit

IPO

IPO

IPO

IPO

IPO

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

5

10

10

10

10

Citadel Acquisitions

1 Acquisition

Citadel acquired 1 company. Their latest acquisition was Gild on October 20, 2016.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

10/20/2016

Series B

$99M

$25.9M

Acquired

1

Date

10/20/2016

Investment Stage

Series B

Companies

Valuation

$99M

Total Funding

$25.9M

Note

Acquired

Sources

1

Citadel Partners & Customers

10 Partners and customers

Citadel has 10 strategic partners and customers. Citadel recently partnered with Experian on October 10, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

10/26/2021

Client

Ireland

Experian Expands Verification Solutions Business With Consumer Permissioned Payroll Data From Citadel API

Experian 's new partnership with Citadel allows consumers to quickly permission access to their payroll accounts when applying for a loan , mortgage or employment by authorizing use of their payroll provider login credentials .

1

7/15/2021

Vendor

United States

10:10 ET SafeTraces Launches HVAC Safety Verification Service With EHS, IAQ and Engineering Leaders

Our strategic partnership with SafeTraces , Inc. provides Citadel and our clients with a unique and truly cutting-edge diagnostic tool to make informed decisions .

1

7/15/2021

Vendor

United States

SafeTraces Launches HVAC Safety Verification Service With EHS, IAQ and Engineering Leaders - Universal Engineering Sciences (UES)

Our strategic partnership with SafeTraces , Inc. provides Citadel and our clients with a unique and truly cutting-edge diagnostic tool to make informed decisions .

1

8/11/2020

Partner

United States

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10

5/18/2020

Partner

United States

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10

Date

10/26/2021

7/15/2021

7/15/2021

8/11/2020

5/18/2020

Type

Client

Vendor

Vendor

Partner

Partner

Business Partner

Country

Ireland

United States

United States

United States

United States

News Snippet

Experian Expands Verification Solutions Business With Consumer Permissioned Payroll Data From Citadel API

Experian 's new partnership with Citadel allows consumers to quickly permission access to their payroll accounts when applying for a loan , mortgage or employment by authorizing use of their payroll provider login credentials .

10:10 ET SafeTraces Launches HVAC Safety Verification Service With EHS, IAQ and Engineering Leaders

Our strategic partnership with SafeTraces , Inc. provides Citadel and our clients with a unique and truly cutting-edge diagnostic tool to make informed decisions .

SafeTraces Launches HVAC Safety Verification Service With EHS, IAQ and Engineering Leaders - Universal Engineering Sciences (UES)

Our strategic partnership with SafeTraces , Inc. provides Citadel and our clients with a unique and truly cutting-edge diagnostic tool to make informed decisions .

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Sources

1

1

1

10

10

Citadel Service Providers

1 Service Provider

Citadel has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

Service Provider

Associated Rounds

Provider Type

Counsel

Service Type

Partnership data by VentureSource

Citadel Team

36 Team Members

Citadel has 36 team members, including current Founder, Chief Executive Officer, Chief Investment Officer, Kenneth Griffin.

Name

Work History

Title

Status

Kenneth Griffin

Founder, Chief Executive Officer, Chief Investment Officer

Current

David Bonfili

Chief Operating Officer

Current

B. Kevin Turner

Chief Executive Officer

Former

Dan Childs

Chief Operating Officer

Former

Richard Correia

Chief Operating Officer

Former

Name

Kenneth Griffin

David Bonfili

B. Kevin Turner

Dan Childs

Richard Correia

Work History

Title

Founder, Chief Executive Officer, Chief Investment Officer

Chief Operating Officer

Chief Executive Officer

Chief Operating Officer

Chief Operating Officer

Status

Current

Current

Former

Former

Former

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