When was Allegro Development founded?

Allegro Development was founded in 1984 and raised its 1st funding round 24 years after it was founded.

Where is Allegro Development located?

Allegro Development is headquartered in Dallas, United States. It is registered at Dallas, Texas.

Who is the current CEO of Allegro Development?

Eldon Klaassen of Allegro Development.

How many employees does Allegro Development have?

As of May 31, 2026, the latest employee count at Allegro Development is 137.

Is Allegro Development a funded company?

Allegro Development is a funded company, having raised a total of $***** in its 1st and only funding round, a Series A round on Jan 31, 2008.

When was the latest funding round of Allegro Development?

Allegro Development's latest funding was a $***** Series A round on Jan 31, 2008, with participation from 2 investors.

Where does Allegro Development rank among its competitors?

Allegro Development ranks 115th amongst 540 active competitors, of which 94 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Traydstream, which secured $11M in Aug, 2025.

Who are the top competitors of Allegro Development?

Allegro Development's top competitors include Symphony, Traydstream and AccessPay. Among them, Traydstream secured the most recent funding round in August, 2025.

Allegro Development - 2026 Company Profile, Team, Funding & Competitors

Allegro Development is an acquired company based in Dallas (United States), founded in 1984 by Eldon Klaassen. It operates as a Commodity Risk Management Software. Allegro Development has raised an undisclosed amount in funding. The company has 540 active competitors, including 94 funded and 106 that have exited. Its top competitors include companies like Symphony, Traydstream and AccessPay.

Company Details

Allegro is one of the leaders of energy trading and risk management software solutions. It utilizes sophisticated technologies such as SOA, grid to provide efficiency across front, middle and back office. Its clients include some of the largest energy and trading companies in the world. It is headquartered in Dallas, Texas. It provides real-time information for companies that trade in commodities and helps them to take better business decisions.

Website: allegrodev.com
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Registered Address: Dallas, Texas

Key Metrics

Founded Year

1984

Location

Dallas, United States

Stage

Acquired

Latest Funding Round

Series A, Jan 31, 2008, $*****

Investors

Guidepost Growth Equity & 4 more

Ranked

115^th among 540 active competitors

Employee Count

137 as on May 31, 2026

Similar Companies

Symphony & 617 more

Exit Details

Acquired by ION Group (Apr 17, 2019)

View Allegro Development's full profile

Allegro Development is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
ALLEGRO DEVELOPMENT CORPORATION CIN: 752289991 , United States, Active	Dec 26, 999	-	156 (As on Dec 31, 2019)	-

Allegro Development got acquired by ION Group on Apr 17, 2019.

Click here to take a look at Allegro Development's acquisition in detail

Allegro Development has raised funding over 1 round. Its latest funding round was a Series A round on Jan 31, 2008 for $*****. 2 investors participated in its latest round. Allegro Development has 5 institutional investors.

Here is the list of recent funding rounds of Allegro Development:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 31, 2008	3214807	Series A	7987653	7600920	5297291	7491791

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View details of Allegro Development's funding rounds and investors

The founders of Allegro Development is Eldon Klaassen.

Here are the details of Allegro Development's key team members:

Eldon Klaassen: Former Founder & CEO of Allegro Development and founder of 1 other company.
Contact Info: 1 email address

View details of Allegro Development's Founder profiles and Board Members

Allegro Development's employee count trend

Allegro Development has 137 employees as of May 26. Here is Allegro Development's employee count trend over the years:

Employee count trend for Allegro Development

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Top competitors of Allegro Development include Symphony, Traydstream and AccessPay. Here is the list of Top 10 competitors of Allegro Development, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Symphony 2014, New York City (United States), Series E	Compliance management solutions for financial institutions	$461M	Societe Generale, Google & 38 others	73/100
2nd	Traydstream 2015, London (United Kingdom), Series B	Trade finance document processing solution to lenders	$66.2M	Pivot Investment Partners, Spearhead & 19 others	66/100
3rd	AccessPay 2012, Manchester (United Kingdom), Acquired	Cloud based payment automation and cash management solutions for businesses	$44.4M	Beringea, NatWest & 10 others	66/100
4th	The Demex Group 2019, Washington, DC (United States), Series A	Provider of reinsurance solutions for non-catastrophic weather-related losses for insurers	$28.4M	Blue Bear Capital, Anthemis Group & 5 others	65/100
5th	Trepp 1979, New York City (United States), Acquired	Provider of data, insights, and technology solutions for financial markets	-	-	62/100
6th	Aravo 2000, San Francisco (United States), Series D	Saas based On-demand Supplier Information Management	$49.9M	Cisco Investments, Big Sky Partners & 9 others	61/100
7th	FundApps 2010, London (United Kingdom), Series A	Provider of automated software for regulatory compliance monitoring and reporting	-	Hermes GPE, Scottish Equity Partners & 1 others	61/100
8th	Shield 2017, Gribskov (Denmark), Series B	AI-powered digital communications governance and archiving	$35M	Macquarie, OurCrowd & 4 others	61/100
9th	Middesk 2018, San Francisco (United States), Series B	Provider of a platform for business identity verification and risk assessment	$77M	Sequoia Capital, Insight Partners & 5 others	61/100
10th	Global Parametrics 2016, Lexington (United States), Acquired	Provider of parametric risk transfer solutions for climate resilience	$9.91M	Gov, Kfw & 1 others	61/100
115th	Allegro Development 1984, Dallas (United States), Acquired	Commodity Risk Management Software	-	Guidepost Growth Equity, Tudor & 3 others	39/100