Fintech startup Eventus closes $30M Series B funding to grow its multi-asset class trade surveillance platform and expand its global footprint

New technologies like robotics and artificial intelligence (AI) have transformed every industry. However, the impacts of these technologies are more drastic in banking and financial markets where AI has forever changed the ways trading and investing are done. For example, the rise of automated investing and trading solutions represents one of the most profound shifts in financial technology.

However, automated trading and investing using technology also comes with challenges and risks. As financial space evolves, banks and firms need to stay one step ahead of potential market threats. Some of these threats include market manipulation and fraud.

To counter these threats, financial companies need to develop innovative and more efficient automated trade surveillance, a system that monitors and detects threats and fraudulent market activities, behavioral patterning, and more across all asset classes and all products, thereby ensuring the prevention and investigation of abusive, manipulative or illegal trading practices.

One of the leading companies in this space is Eventus Systems, a leading global provider of multi-asset class trade surveillance and market risk solutions. Eventus has developed financial technology to monitor fraudulent market activities and prevent trading manipulations. Through its Validus platform, Eventus enables traders to see what’s going on with their trading activities.

Today, Eventus said it has closed a $30 million Series B funding. The round, which brings the company’s total funding raised to $48.5 million, was led by Centana Growth Partners. Also participating in the round were DRW VC, an arm of principal trading firm DRW, CMT Digital, existing investors Jump Capital, and LiveOak Venture Partners, along with several new strategic investors. In February, Eventus also raised a $10.5 million Series A growth capital funding round led by Jump Capital and LiveOak Venture Partners.

Eventus said it will use the proceeds to further scale across the organization, including growing its sales, product, and engineering teams, building further on its flagship Validus platform, expanding its product suite across asset classes, and introducing new financial risk applications to the platform. In addition to funding, Eventus also announced that Centana Partner Ben Cukier has joined its Board of Directors.

Founded in 2014 by Travis Schwab, Eventus provides trade Surveillance, market risk mitigation, algorithm monitoring to test, document, and monitor all trading algorithms. The company also provides AML/transaction monitoring to help facilitate efficient fraud detection, investigation, and remediation.

Its Validus platform has been proven in the most complex, high-volume, and real-time environments of tier-1 banks, broker-dealers, futures commission merchants (FCMs), proprietary trading groups, market centers, buy-side institutions, and energy/commodity trading firms. Our rapidly growing client base relies on Validus and our responsive support and product development teams to overcome its most pressing regulatory challenges.

Commenting on the funding, Schwab said: “Following our investment round early last year, we continued to show strong topline revenue growth, nearly quadrupling our staff across every facet of our business, building on our presence in Europe and Asia-Pacific, attracting a wide range of new clients and adding hundreds of new features and enhancements to our Validus platform.”

Schwab continues, “With a strong foothold in all of the major asset classes, we became the leading trade surveillance solution for the major digital asset exchanges globally and expanded our reach into the fixed income and foreign exchange markets. This new investment positions us to achieve our ambitious plans for further growth and penetration into new markets, as well as our never-ending quest for delivering market-leading solutions and support across the capital markets ecosystem. We’re delighted to welcome our newest investors and grateful for the continued support of those who believe in our vision.”