CIBC Innovation Banking Provides Eventus Systems with US$5 Million Growth Financing Facility
September 23 2020 - 8:00AM
Business Wire
CIBC Innovation Banking today announced a US$5 million growth
capital financing facility for Austin-based Eventus Systems Inc., a
multi-award winning global trade surveillance and market risk
software platform provider. The additional capital is available to
support the firm’s continued strategic growth and international
expansion.
The company’s flagship product, the Validus platform, monitors
activity for clients on more than 100 global exchanges and trading
venues, providing tools to help clients meet exchange rules and
regulatory requirements in the U.S. and Canada, as well as in a
wide range of regulatory jurisdictions in Europe, the Middle East
and Asia Pacific.
“We were impressed by Eventus’ ability to help its clients
navigate the increasingly complex regulatory landscape facing
traders, brokers and financial institutions,” said Sara Johnson,
Managing Director, in CIBC Innovation Banking’s Austin, Texas
office. “Validus combines a procedural approach for alert
generation with machine learning for alert resolution to
efficiently give clients the ability to act swiftly and in
accordance with their applicable regulatory requirements.”
“We’re excited to work with CIBC Innovation Banking as the team
understands what it takes to scale our product and support us in
our growth trajectory,” said Travis Schwab, CEO of Eventus. “We
embarked on an aggressive growth strategy after closing on a $10.5
million Series A investment round earlier this year, and we’ve
already achieved many of our goals. This financing facility
provides the option, should we need it down the road, for expansion
into additional international markets, inorganic growth
opportunities or further broadening of our coverage into more asset
classes and exchanges.”
About CIBC Innovation Banking
CIBC Innovation Banking delivers strategic advice, cash
management and funding to North American innovation companies at
each stage of their business cycle, from start up to IPO and
beyond. With offices in Atlanta, Austin, Chicago, Denver, Menlo
Park, Montreal, Reston, Toronto and Vancouver, the team has
extensive experience and a strong, collaborative approach that
extends across CIBC’s commercial banking and capital markets
businesses in the U.S. and Canada.
About Eventus Systems
Eventus Systems is a leading global provider of multi-asset
class trade surveillance and market risk solutions. Its powerful,
award-winning Validus platform is easy to deploy, customize and
operate across equities, options, futures, foreign exchange (FX),
fixed income and digital asset markets. Validus is proven in the
most complex, high-volume and real-time environments of tier-1
banks, brokerages, futures commission merchants (FCMs), clearing
firms, trading firms, market centers, buy-side institutions and
corporates. The company’s rapidly growing client base of more than
60 firms relies on Validus and Eventus’ responsive support and
product development teams to overcome its most pressing regulatory
challenges. For more, visit www.eventussystems.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200923005066/en/
For CIBC: Katarina Milicevic 416-586-3609
Katarina.milicevic@cibc.com
For Eventus: Ellen G. Resnick Crystal Clear Communications
+773-929-9292; +312-399-9295 (mobile)
eresnick@crystalclearPR.com
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