Trade surveillance platform Eventus Systems raises $10.5 million in funding

Series A funding round brings new investors to Eventus Systems as FinTech targets growth in Europe and Asia.


US-based trade surveillance and market risk software provider Eventus Systems has raised more than $10 million in a recent funding round, as it looks to expand its business.

Eventus Systems said it will use the funding to further develop its technology, add to its sales and development teams, and target new client growth. According to CEO, Travis Schwab, Eventus will target growth across Europe as the industry continues to address MiFID II requirements, and across Asia where the firm has tailored its platform to multiple regions.

“We have embarked on an aggressive growth strategy following our third straight year of doubling both customers and revenue, and we’re looking to add a wide range of talented, experienced sales, development and service professionals to our team to take the firm to the next level,” Schwab added.

The $10.5 million series A funding round was led by Jump Capital and LiveOak Venture Partners, with Krishna Srinivasan, founding partner of LiveOak and Peter Johnson, principal of Jump Capital, set to join the Eventus Board. Other investors also included Coinbase Ventures and Chimera Securities.

“Eventus is disrupting the trade surveillance space, and its innovative technology, scalable model and seasoned leadership position the firm to be the unparalleled market leader in the coming years,” said Johnson.

The firm’s flagship Validus platform aims to helps clients monitor potential spoofing, layering and wash trading, and includes hundreds of pre-built monitoring procedures. Eventus claims to be the only trade surveillance software provider to deploy machine learning as well as a procedural approach via a single platform.  

In June last year, securities and commodities broker INTL FCStone installed the cloud-version of the Validus system for market surveillance to gain greater efficiencies on its processes.