Tech Company Financing Transactions

Droit Financial Technologies Funding Round

Droit Financial Technologies closed a $23 million Series B funding round on 3/7/2023. Backers included Pivot Investment Partners, UBS and Goldman Sachs.

Transaction Overview

Announced On
3/7/2023
Transaction Type
Venture Equity
Amount
$23,000,000
Round
Series B
Investors

Pivot Investment Partners (Lead Investor)

UBS (Lead Investor)

Goldman Sachs

Proceeds Purpose
The company intends to use the funds for its expansion into wealth management through the development of new products specifically for the sector, including Cross Border and Product Suitability. The investment will support Droit's expansion into wealth management through the development of new products specifically for the sector, including Cross Border and Product Suitability. This natural extension of the Adept platform for use in wealth management will allow financial institutions to benefit from the same transparent decision-making infrastructure deployed for capital markets. The investment will also support expansion of new and existing products, including Position Reporting, Transaction Reporting, advancements in Droit's Pre-Trade product suite, and the build-out of new cloud-based services.

Company Information

Company Status
Private & Independent
Industry
FinTech
Mailing Address
75 Murray St.
New York, NY 10007
USA
Email Address
Overview
Droit's robust enterprise software answers these complex questions in real-time, consistently, across all OTC asset classes, globally active CCP's, SEF's and all G20 aligned regulatory regimes.
Profile
Droit Financial Technologies LinkedIn Company Profile
Social Media
Droit Financial Technologies Company Twitter Account
Company News
Droit Financial Technologies News
Facebook
Droit Financial Technologies on Facebook
YouTube
Droit Financial Technologies on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Satya Pemmaraju
  Satya Pemmaraju LinkedIn Profile  Satya Pemmaraju Twitter Account  Satya Pemmaraju News  Satya Pemmaraju on Facebook
VP - Product Management
Brock Arnason
  Brock Arnason LinkedIn Profile  Brock Arnason Twitter Account  Brock Arnason News  Brock Arnason on Facebook


 

 

Browse more venture capital transactions:

Prev: 3/7/2023: Adaptis venture capital transaction
Next: 3/7/2023: Assured Allies venture capital transaction

 

Share this article

 


News on VC Transactions

We report on every notable VC transaction. VC transactions reported here come from a variety of public sources. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary