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Eventus Systems raises $10.5 million in Series A round

Austin, Texas-based Eventus Systems, Inc., a trade surveillance and market risk software platform provider, has 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 enhance its technology, 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, joined the Eventus Board as part of the financing. Rosenblatt Securities served as an advisor to Eventus on the funding round.

Eventus Systems 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.”

Eventus Systems’ Validus platform 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.

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