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
Company Name
Announced On
3/7/2023
Transaction Type
Venture Equity
Amount
$23,000,000
Round
Series B
Investors
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
New York, NY 10007
USA
Phone
Website
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.
Management Team
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