Eventus Systems, a US-based trade surveillance software provider backed by cryptocurrency exchange Coinbase, received $30m on Wednesday in a series B round featuring principal trading firm DRW’s venture capital arm, DRW VC.
The round was led by private equity firm Centana Growth Partners and included Jump Capital and LiveOak Venture Partners as well as unnamed new strategic investors. The company’s overall funding stands at $48.5m, it said.
Founded in 2015, Eventus has built a machine learning-powered software tool dubbed Validus, which helps securities traders detect potential fraud and perform risk management.
Coinbase’s corporate venturing subsidiary, Coinbase Ventures, took part in a $10.5m series A round for Eventus in February 2020 that was co-led by Jump Capital and LiveOak Venture Partners.
The series A round was also backed by brokerage Chimera Securities and undisclosed VC and financial services backers. The company had previously secured $11.7m in equity and debt funding across four rounds from 2015 to 2018, according to securities filings.
Eventus CEO Travis Schwab said: “This new investment positions us to achieve our ambitious plans for further growth and penetration into new markets, as well as our never-ending quest for delivering market-leading solutions and support across the capital markets ecosystem.
“We are delighted to welcome our newest investors and grateful for the continued support of those who believe in our vision.”
