Eventus Systems, a provider of risk management software solutions to financial services firms, has raked in $10.5m in a Series A investment round.
The funding round was led by Chicago-based Jump Capital and Austin-based LiveOak Venture Partners.
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The fintech’s existing customers and investors, including Coinbase Ventures and Chimera Securities, also participated in the round.
Eventus funding
Eventus intend s to use the funds to further augment its technology and expand its sales, development and service teams globally.
Eventus CEO Travis Schwab said: “Our plans include growing our emerging presence and client base in Europe – where we have strong tools for addressing MiFID II and related regulatory requirements – and in Asia, where we have tailored our platform to meet the needs of multiple regional jurisdictions.”
As part of the financing, Jump Capital principal Peter Johnson and LiveOak’s founding partner Krishna Srinivasan were give place in the Eventus Board.
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By GlobalDataJohnson commented: “Eventus is disrupting the trade surveillance space, and its innovative technology, scalable model and seasoned leadership position the firm to be the unparalleled market leader in the coming years.
“Jump Capital is excited to utilise our resources and deep fintech and capital markets experience to help further accelerate Eventus’ impressive growth.”
Srinivasan added: “The team at Eventus has many decades of hands-on experience as market practitioners with an intimate knowledge of the challenges that clients face.
“Its track record in just over five years in business – addressing mission-critical challenges of numerous top firms in the financial services industry – is impressive.”
Rosenblatt Securities served as an advisor to Eventus on the funding round.
