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Caplin secures £6.2 million in second round financing

06 March 2002  |  2854 views  |  0 Caplin secures £6.2 million in second round financing

Streaming market data vendor Caplin Systems has completed a second funding round with investments from Financial Technology Ventures and Elderstreet DrKC totalling £6.2 million.

FTVentures, a San Francisco-based venture capital company specialising in financial technology, has invested £5.5 million in the company, in a combination of new shares and existing shares.

Concurrently, Elderstreet DrKC, now part of Dresdner Kleinwort Capital, has invested £700,000, following on from an initial investment in 2000.

James Hale, managing member, FTVentures, says: "Caplin's RTTP protocol is a breakthrough technology that will change the way market data is delivered. The high calibre client-base including Nasdaq, NYSE, UBS Warburg and CME, combined with the healthy pipeline of blue-chip prospects point to a path of continued growth for Caplin."

RTTP delivers financial market data directly into a client's browser, allowing real-time data to flow through unmodified firewalls, with no application download or software installation. A single RTTP Global Server supports 30,000 users and 800,000 updates/second.

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