Thursday, September 28, 2023

RegTech, Scale-Up, SteelEye, Tech Industry, Ten Coves Capital, eDiscovery, trade reconstruction

By ET Bureau - September 08, 2022 1 Mins Read


The compliance technology and data analytics company SteelEye has announced the conclusion of a USD 21M Series B fundraise to speed up its growth in North America and beyond.

Along with current backers Fidelity International Strategic Ventures, Illuminate Financial, Beacon Equity Partners, and a sizable family office, Ten Coves Capital led the funding round. By combining communications and trade data under a single lens and offering solutions for archiving, eDiscovery, trade reconstruction, communications and trade surveillance, and data analytics, SteelEye intends to make use of the most recent funding.

With the Series B fundraising, SteelEye has now raised a total of USD 43M, which will be used to accelerate growth ambitions and expand into North America.

Read More: RegTech Scale-Up SteelEye Raises $21M in Round Led by Ten Coves Capital to Accelerate Growth and Meet Demand for Holistic Compliance Solutions


ET Bureau

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