SteelEye Raises $21M in Series B Funding
- SteelEye, a London, UK-based compliance technology and data analytics company, closed a $21M Series B funding
- The round, which takes total capital raised to $43m, was led by Ten Coves Capital with participation from existing investors
- The company intends to use the funds to accelerate its global expansion – with an emphasis on North America
- The company provides a SaaS-based RegTech platform that allows banks, brokers, asset managers, and other regulated financial firms to simplify their compliance processes across various EU, UK, and US market regulations
- Firms can lock their data in a WORM-compliant vault, identify and stop early warning signs of harmful conduct, and demonstrate that they have watertight policies, procedures, and controls
