Austin-based Eventus Systems, Inc., a multi-award winning global trade surveillance and market risk software platform provider, announced that the firm has just raised $10.5 million of growth capital in a Series A investment round.
Investors included a range of venture capital and financial services organizations, led by Chicago-based Jump Capital and Austin-based LiveOak Venture Partners.
The funds will enable Eventus to further enhance its technology, significantly increase its sales, development and service staff globally and continue to grow its customer base. Also participating in the round were existing customers and investors, including Coinbase Ventures and Chimera Securities.
Peter Johnson, Principal of Jump Capital, and Krishna Srinivasan, Founding Partner of LiveOak, have joined the Eventus Board as part of the financing. Rosenblatt Securities served as an advisor to Eventus on the funding round.
“Eventus is disrupting the trade surveillance space, and its innovative technology, scalable model and seasoned leadership position the firm to be the unparalleled market leader in the coming years,” said Johnson. “Jump Capital is excited to utilize our resources and deep fintech and capital markets experience to help further accelerate Eventus’ impressive growth.”
Srinivasan said: “We look for Texas-based firms that can grow into world-class, category-dominating companies, and we believe that talent and domain experience are the critical ingredients for that success. The team at Eventus has many decades of hands-on experience as market practitioners with an intimate knowledge of the challenges that clients face. Its track record in just over five years in business - addressing mission-critical challenges of numerous top firms in the financial services industry - is impressive.”
Eventus CEO Travis Schwab said: “We have embarked on an aggressive growth strategy following our third straight year of doubling both customers and revenue, and we’re looking to add a wide range of talented, experienced sales, development and service professionals to our team to take the firm to the next level. Our plans include growing our emerging presence and client base in Europe - where we have strong tools for addressing MiFID II and related regulatory requirements - and in Asia, where we have tailored our platform to meet the needs of multiple regional jurisdictions. We have an extraordinary roster of clients, Board of Directors and team, and we are truly honored to welcome our new investors and gratified that existing customers and investors have reaffirmed their confidence in us.”
Eventus has earned four major global recognitions in the past year for its Validus platform, including an FOW International Award for best Market Surveillance product and a Risk Technology Award for Market Surveillance Product of the Year. The firm also garnered a Best Trade Surveillance Solution award from A-Team’s RegTech Insight Awards and a spot for the second year running on the global RegTech 100 list.
Validus helps firms monitor for all trading surveillance requirements including market manipulation such as spoofing, layering and wash trading. The software platform features hundreds of pre-built surveillance procedures and in real time processes billions of trade lifecycle messages per day across diverse asset classes spanning equities, equity options, futures, fixed income, foreign exchange, cryptocurrencies and others. It is the only trade surveillance solution to offer both machine learning and a procedural approach in one seamless package to not only reduce alert noise but also assist customers in intelligent issue resolution.