6 years ago

SteelEye Secures $10 Million Series A Funding Led by Eight Roads

  • SteelEye, a London-based compliance technology and data analytics company, has raised $10 million in Series A funding led by Eight Roads, the proprietary investment firm backed by Fidelity, alongside existing investor Illuminate Financial

  • SteelEye provides over fifty clients across seven countries with solutions for record keeping, trade reconstruction, transaction reporting, trade and communications surveillance, best execution reporting, transaction cost analysis and advanced analytics for regulations including MiFID II, EMIR, Dodd-Frank, SMCR and MAR

  • The company intends to use the funds to continue to expand operations and its business reach.

      • ProblemTechnology Infrastructure

      "Financial institutions are struggling to comply with increasingly complex regulations like MiFID II, EMIR, Dodd-Frank, SMCR and MAR, which require them to keep accurate records, report transactions, and monitor trade and communications."

      Solution

      "SteelEye provides a technology platform that automates and simplifies compliance by providing solutions for record keeping, trade reconstruction, transaction reporting, trade and communications surveillance, best execution reporting, transaction cost analysis and advanced analytics."

      Covered on