Euclid Opportunities has taken a strategic stake in the institutional research marketplace.
"MiFID II research unbundling is a key challenge for our clients and the wider market in 2017. RSRCHXchange is bringing next generation technology to solve a complex regulatory challenge while also allowing both providers and consumers of research to extract greater value from content. The business has made amazing progress thus far and we’re delighted to bring our capital, operational expertise, and networks to help scale the business globally."
The Series A round was co-led by MMC and Hearst Ventures with participation from Frontline Ventures, Reed Elsevier Ventures, and Local Globe.
"Signal is one of the most promising companies in UK tech, and David and Miguel’s drive and vision has attracted some of the top AI talent in Europe. The company has grown incredibly quickly by solving real business problems using cutting-edge technology. Its impressive list of clients demonstrates the value of Signal’s product and we think the team can build the next big global information business."
YFM Equity Partners has backed a £4m Series A round in Matillion to support its cloud integration platform.
"Matillion has a great opportunity to capitalise on the push to migrate data and systems to the Cloud. Its data integration platform is 100 times faster and easier to use than traditional ETL technology. We have been impressed by the team’s commitment to becoming the de-facto choice for unlocking the power of cloud-based databases and are excited to back their future growth plans."
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