TradingHub, a London, UK-based provider of sophisticated risk-based software solutions for financial markets, announced that it has secured a minority investment from Summit Partners.
However, the financial terms of the transaction have not been disclosed.
The investment, which comes as secondary capital, will help the company expand its product offering, deepen its financial market footprint, and support continued growth.
Neil Walker, CEO of TradingHub, says, “We are delighted to announce Summit Partners as a new TradingHub shareholder. The firm has a strong reputation for partnering with its portfolio companies, and we have already experienced the benefit of their perspective and their collaborative approach. We look forward to working with the Summit team to help further accelerate TradingHub’s growth.”
As part of the funding round, Antony Clavel, Managing Director at Summit Partners, will join the TradingHub Board of Directors.
Company: TradingHub Group Limited
Raised: Undisclosed
Round: Undisclosed
Funding Month: June 2023
Lead Investors: Summit Partners
Additional Investors:
Company Website: https://tradinghub.com/
Software Category: Financial Markets Analytics Platform
About the Company: Founded in 2010, TradingHub provides financial analytics tools to capital market participants, including investment banks, asset managers, hedge funds, commodity houses, and brokerage firms, collectively representing over $20T of AUM. The company monitors 135M+ trades per day across 45+ countries. It serves more than 60 clients, including some of the world’s largest investment banks, hedge funds, and asset managers. TradingHub is headquartered in London and has additional offices in New York, San Francisco, Toronto, and Singapore.
Source: https://siliconcanals.com/news/startups/london-tradinghub-bags-investment/