Seismic Foundry fintech fund to raise fresh capital
09 April 2018 | 7316 views | 0
Capital markets venture fund Seismic Foundry has made a further two investments in the fintech startup space and begun raising funds for a new warchest for the 2018-19 financial year.
The new investments in capital markets chatbot LodeStar Ecosystems and Accenture Innovation Lab graudate Waymark Tech come on the heels of previous rounds in regtech startup Enforcd and buyside data management outfit KiteEdge.
Incorporated in May last year and co-founded by five seasoned veterans of the capital markets space, Seismic Foundry is capitalising on tax-efficient Seed Enterprise Investment Schemes (SEIS) and EIS to attract investment capital for promising fledgeling startups.
Backed by a formidable team of industry experts, including Bill Templer, Brendan Bradley, Cathryn Lyall, Dave Feltes and Jeff Gale, the group aims to bring its experience to bear in providing business development, contacts, consultancy, governance and strategy planning to fintech startups that cross its sphere of influence.
Says Bradley: “Seismic are pleased to have completed our investments this tax year with our stake in Waymark. It is well documented that many of the alumni from the Accenture Innovation Lab have developed into leading fintech firms, with associated success in their fund-raising activities, so we are enthusiastically looking forward to the ongoing journey.”