KRM22, an investment vehicle created to undertake a roll up of software companies providing risk management tools to the capital markets industry, has raised £10.3 million from a float on London's Alternative Investment Market.
Led by former former Ffastfill chairman Keith Todd, the company is aiming to build a 'Global Risk Platform' by making investments in businesses that are experiencing and struggling against scale-up challenges.
Says Todd: "Our strategy will see us invest in companies with clear, high quality, subject matter expertise as we seek to execute our investing policy. The target and focus of our investment is risk: primarily risk in the capital markets which is currently poorly served by a fragmented supplier base and no one, real-time Software-as-a-Service enabled view of the true risks a business faces."
He says the company has identified up to 50 firms serving the capital markets space which fit its investment focus and that it has already entered advanced talks with two un-named providers.
Todd says the firm will aim to release an integrated "risk cockpit", providing a suite of cost effective risk management tools by the first quarter of next year.