Trade surveillance firm Eventus Systems has secured $30m from a Series B funding round led by Centana Growth Partners.
Other participants in the round were DRW VC, CMT Digital, Live Oak Venture Partners, Jump Capital and several other new investors. Centana partner Ben Cukier will also join the Eventus board.
Eventus is a trade surveillance and market risk platform. The firm’s Validus solution monitors trading for spoofing, layering and wash trading alongside other manipulation tactics.
The service has hundreds of pre-built surveillance procedures and processes billions of trade lifecycle messages in real-time across a range of asset classes including equities, equity options, futures, fixed income, foreign exchange, cryptocurrencies and more.
According to Eventus, it will use the newly raised capital to further scale across the organisation. This will include growing its sales, engineering and product teams and advancing its Validus platform, expanding its product suite across asset classes and unveiling new financial risk applications to the solution.
Eventus CEO Travis Schwab said: “Following our investment round early last year, we continued to show strong topline revenue growth, nearly quadrupling our staff across every facet of our business, building on our presence in Europe and Asia-Pacific, attracting a wide range of new clients and adding hundreds of new features and enhancements to our Validus platform.
“With a strong foothold in all of the major asset classes, we became the leading trade surveillance solution for the major digital asset exchanges globally and expanded our reach into the fixed income and foreign exchange markets. This new investment positions us to achieve our ambitious plans for further growth and penetration into new markets, as well as our never-ending quest for delivering market-leading solutions and support across the capital markets ecosystem. We’re delighted to welcome our newest investors and grateful for the continued support of those who believe in our vision.”
Centana principal Matt Alfieri added, “The past year has demonstrated the increased need for automating and strengthening regulatory compliance. We’ve been incredibly impressed by the deeply experienced team and efficient, scalable and powerful trade surveillance and market risk system that Eventus has built.
“Its clients are truly passionate about the platform and quality of service. As the focus of trade surveillance widens to other asset classes like crypto, Eventus is poised not only to set the standard for compliance and transparency but to further accelerate its growth trajectory.”
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