Quantile Technologies secures £38m from Spectrum Equity to fund expansion
Spectrum Equity led the minority growth investment to help accelerate product development and market expansion.
Quantile Technologies provides portfolio optimisation services for the global financial services market. Its platform offers compression and risk rebalancing services to banks and hedge funds.
Quantile Technologies has secured a £38m minority growth investment from Spectrum Equity. The funding will support the company as it develops new services and expands into new markets.
Spectrum Equity is the first institutional investor to back Quantile. Alongside the investment, Mike Farrell of Spectrum Equity joins the company board.
From the founder
"We are committed to providing our clients with market-leading services to allow them to continuously optimise their derivative portfolios to maximise returns and to efficiently meet regulatory capital requirements"
Andrew Williams
co-founder and CEO at Quantile Technologies
Investor perspective
"Quantile’s risk management and optimisation technology has proven to deliver significant value for its clients. We are pleased to work alongside the Quantile team in the next phase of growth and see tremendous potential for the company to fundamentally transform the derivatives market as the adoption of sophisticated multilateral risk management techniques accelerate."
Mike Farrell
Managing Director, Spectrum Equity
Use of funds
- 01Continue product development
- 02Expand into international markets
Investors
Categories
About the company
Quantile Technologies
Quantile Technologies provides portfolio optimisation services for the global financial services market.