Dallas-based TXSE Group, parent of the Texas Stock Exchange, revealed Wednesday that it raised $155 million in a third funding round.

The announcement comes on the one-year anniversary of gaining U.S. Securities and Exchange Commission approval to operate as a national securities exchange. It also brings TXSE’s fundraising total to $430 million. TXSE secured two previous funding rounds adding up to $275 million.

More than three-fourths of the third round came from existing investors. The company’s major investors include Westlake-based Charles Schwab along with BlackRock, Citadel Securities, JPMorgan Chase, Goldman Sachs and Bank of America. JPMorgan Chase, Goldman Sachs and Bank of America are expanding in North Texas as the Y’all Street financial services corridor takes off.

“Our historic capital position is an institutional validation of the demand for a legitimate third listing alternative, and that is exactly what we have deployed,” TXSE Group Chairman and CEO James Lee said in a statement.

TXSE Group Chief Financial Officer Jaime Gow said in a statement that the company’s cash surplus positions it to increase its capital reserves and provides money for strategic initiatives.

New TXSE listings

TXSE competes for listings against two Wall Street fixtures: Nasdaq and the New York Stock Exchange. The two exchanges operate Dallas-based businesses that seek to attract listings.

“Real competition for primary listings is here, and it is here to stay,” said Lee, whose exchange launched trading in July.

The $155 million funding round follows a number of recent announcements of stock and ETF listings moving to TXSE from NYSE and Nasdaq. In the past 20 days, public companies with a combined market value of $115 billion have announced plans to move their listings to TXSE from NYSE and Nasdaq, TXSE said.

TXSE’s first listing win: Dallas-based Texas Capital transferred its Texas Capital Texas Equity Index ETF (TXS) and Texas Capital Texas Oil Index ETF (OILT) to TXSE from NYSE Arca.

Other companies that have moved listings to TXSE or plan to do so include Dallas-based Energy Transfer and its affiliates Sunoco and USA Compression Partners.  Dillard’s and Origin Bancorp also have announced moves.

ETFs that have chosen TXSE include the newly launched Westwood Salient Enhanced Power & Infrastructure ETF (PWRX) and the Brookmont Catastrophic Bond ETF (ILS).

“While the legacy equities exchanges prioritize fintech, prediction and energy markets, mortgages, data businesses and other pursuits, TXSE is solely focused on being the best exchange operator in the world,” Lee said. “Our fortress-like capital position gives us the resources to deliver on our mission to improve conditions in the public equity markets by aligning with and advocating for issuers.”

Buzz surrounding TXSE has built since it announced launch plans in 2024. NYSE and Nasdaq soon followed with their own Lone Star State offerings: NYSE Texas and Nasdaq Texas.