Market Risk Startup Eventus Raises $30 mln In Series B Funding

By Nicholas Say Nicholas Say has been verified by Muck Rack's editorial team
Published on September 9, 2021

Eventus, an Austin-based market risk startup, has closed a $30 million Series B funding round to extend its lead in the market.

The funding round was led by Centana Growth Partners and counted with participation from DRW VC, CMT Digital, Jump Capital, and LiveOak Venture Partners, as well as new strategic partners. Kim Trautmann, Head of DRW VC, referred to the firm’s participation by stating:

“As a firm committed to using sophisticated technology to drive efficiency, fairness and transparency in global markets, DRW is a strong believer in the importance of the solutions that Eventus has developed to enhance market surveillance and market risk. We’re excited to offer our insights and expertise to help the firm continue to revolutionize this space.”

The new funds will be used to further scale the startup’s operations by growing its sales, product, and engineering teams, while also boosting the development of its flagship Validus platform. Eventus is also planning to expand its product suite across asset classes and introduce new financial risk applications to the platform.

The startup has experienced great growth over the past years, which has led to it raising $48.5 million to date since its founding. With 15 global awards and honors since 2918, Eventus has become a major player in the industry. Eventus CEO Travis Schwab referred to the startup’s potential by stating:

“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. 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.”

The platform developed by the market risk startup has gained recognition among its users due to its proven performance in the most complex. High volume, and real-time environments, allowing its user base to grow rapidly as its revenue continues to increase.

By Nicholas Say Nicholas Say has been verified by Muck Rack's editorial team

Nicholas Ross Say is a news desk editor at Grit Daily. An award-winning journalist, he covers the daily startup beat. He grew up in Ann Arbor, Michigan and has lived in South America and South East Asia. At present, Nicholas lives in Southern Vietnam where the Sun shines, and the noodles flow like wine. He's written for Blockonomi and Coin Journal, among others.

Read more

More GD News