RegTech 100 company Eventus Systems has secured $10m in its Series A round which will help it to boost its sales and development efforts.
The equity injection was led by Jump Capital and LiveOak Venture Partners, with additional contributions coming from Coinbase Ventures and Chimera Securities.
With the new proceeds, the RegTech will enhance its technology, increase its sales, development and service teams, and grow its customer base.
Texas-headquartered Eventus is a trade surveillance and market risk platform. Its Validus solution monitors trading for spoofing, layering and wash trading, as well as other manipulation tactics. The solution has hundreds of pre-built surveillance procedures and processes billions of trade lifecycle messages in real-time across various asset classes including equities, equity options, futures, fixed income, foreign exchange, cryptocurrencies and more.
Eventus CEO Travis Schwab said, “We have embarked on an aggressive growth strategy following our third straight year of doubling both customers and revenue, and we’re looking to add a wide range of talented, experienced sales, development and service professionals to our team to take the firm to the next level.
“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 deal, Jump Capital principal Peter Johnson and LiveOak founding partner Krishna Srinivasan has joined the Eventus board of directors.
Last year, Eventus was listed in the RegTech 100, a list of the companies ever compliance professional needs to know about.
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