Regtech SteelEye raises $21m in Series B

Friday 23rd September, 2022

London headquartered SteelEye raises $21m to support its accelerated growth as it expands internationally. The company offers a holistic platform for archiving and record keeping, eDiscovery, trade reconstruction, communications and trade surveillance, and reporting.

Commenting on the funding, Matt Smith, CEO of SteelEye, said: “Facing regulatory clampdowns, huge data volumes, and inflation impacts on budgets, financial firms need ways to reduce costs through efficiencies and automation. This is what we deliver through our distinctive, data-centric compliance platform. We are delighted to partner with the team at Ten Coves Capital, who have a long history of enabling technology businesses to scale and deliver real value to the financial services industry.”

Ten Coves Capital led the Series B round alongside existing investors Fidelity International Strategic Ventures, Illuminate Financial, Beacon Equity Partners, and a large family office.

Marriott Harrison advised SteelEye on the fundraise. Daniel Jacob and Graham Halliday led the MH team, which included Ben Cole, Liberty Pearl and Rory Duthie.

Congratulations to everyone involved in the deal.

Articles by Graham Halliday