Cloud-based online support solution for hedge funds and asset managers Hentsū has closed an undisclosed funding round.
Credit Suisse Asset Management’s NEXT Investors led the investment, with contributions also coming from Falconwood Corporation and Raptor Group Holdings.
Founded in 2015, the London-based company offers a selection of cloud-based solutions to help hedge funds and asset management firms. Its services range from implementing and supporting corporate infrastructure and desktops through to deploying continuous development platforsm and data science platforms.
Clients can use the technology to start a new hedge fund with minimal capital expenditure and a scalable, secure and compliant solution. They are also able to replace existing infrastructure and leverage a cognitive cloud which can improve research and data analysis.
There are also a number of security and compliance tools available to support a firm’s operations.
This capital injection will be used to boost expansion of its product suite and its sales and marketing efforts.
Raptor Group founder and chairman Jim Pallotta said, “Hedge funds need the flexibility, security and scalability that the public cloud offers, but the rapidly evolving technical landscape means that staying current enough to have the best platform is hard.
“Working with firms like HentsÅ« who have both the technical and domain expertise means that funds can focus exclusively on the parts of their technology that really add value to their investors.â€
Earlier in the year, NEXT Investors held the $261m final close for its sophomore fund which backs startups across FinTech, data analytics, specialty finance, and enterprise software industries.
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