Communications surveillance platform VoxSmart has closed a growth equity financing round on $25m.
The round was led by Toscafund Asset Management.
Capital from the investment will be used to expand its technology suite and enhance its supervision and controls for regulated employees that work at home, remotely or in the office. The company is exploring new features, including an instant message capture.
Funds will also be used to further its expansion into North America and other emerging markets.
VoxSmart supplies firms with voice and electronic communications analytics and remote compliance solutions that enable them to supervise communication through a range of voice and digital platforms.
It first launched compliant WhatsApp surveillance in 2016 and the platform now captures three messages a second for Tier one financial institutions, it claims.
VoxSmart CEO Oliver Blower said, “As market practitioners we have always been acutely aware of market developments and working with market participants to shape our product development and innovation. As such it was important, we found a partner who shared our vision within financial services. We believe that Toscafund’s global expertise and impressive market connectivity will be of tremendous benefit to VoxSmart in our next stage of growth.”
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