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.
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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.”
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