Cassini Systems secures £15.5m Series B funding from Ten Coves Capital and Mosaik Partners to expand its analytics platform.
Ten Coves Capital led the growth financing round to accelerate global market expansion and product development.
Cassini Systems provides pre- and post-trade margin and collateral analytics for derivatives market participants. Its integrated platform enables investment managers to optimise liquidity and monitor carry costs.
Cassini Systems has secured £15.5m in Series B funding led by Ten Coves Capital, with participation from existing backer Mosaik Partners. The company plans to direct the proceeds towards accelerating product development and expanding its footprint in global markets. Post-crisis regulatory shifts continue to increase collateral demands for firms trading over-the-counter derivatives and related instruments, driving demand for the firm analytical platform. The fresh capital follows a period of strategic partnerships and industry recognition for the London-based business.
From the founder
"This financing is a crucial next step as we continue to scale our operations and add to our global client base, which includes many of the world’s largest banks and asset management firms. With this latest investment, we look forward to deepening and expanding our solutions, and continuing to deliver the world-class service our clients expect,"
Liam Huxley
CEO at Cassini Systems
Investor perspective
"Cassini fits perfectly with our strategy of investing in leading fintech companies with a strong platform for growth. The company operates at the intersection of three powerful trends: (i) integrated data and analytics, (ii) liquidity and trading cost optimization in the capital markets, and (iii) regulatory compliance. Its reputation for delivering powerful tools in partnership with providers of some of the world’s leading portfolio and risk management systems positions Cassini to continue to innovate and grow,"
Steve Piaker
Managing Partner, Ten Coves Capital
Use of funds
- 01Continue product development
- 02Expand into international markets
- 03Invest in sales and marketing
Investors
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About the company
Cassini Systems
Cassini Systems provides collateral analytics and margin tools for derivatives market participants.