RegTech firm SteelEye raises $21 mn in VC funding round

Regulation technology firm SteelEye has raised $21 million to help fund its global expansion.
VC funding for tech
The Series B round was led by Ten Coves Capital alongside existing investors Fidelity International Strategic Ventures, Illuminate Financial, Beacon Equity Partners, and a large family office.

The valuation of the compliance technology and data analytics firm, which has now raised $43 million and counts Schroders and Fidelity International among its clients, was not disclosed.

Headquartered in London, SteelEye’s technology helps banks, asset managers and other financial firms more easily comply with European Union, British and U.S. regulations.