360T Group Receives Majority Equity Investment from Summit Partners
Summit Partners acquired its stake from various shareholders including Brockhaus Private Equity, which retains a small position in 360T.
The company’s management, including founder and CEO Carlo Kölzer, will be the second largest shareholder after Summit Partners.
Founded by Kölzer and Mathew Kuppe in 2000, 360T provides web-based trading technology for OTC financial instruments, particularly currency exchange, short-term money market loan/deposits and interest rate derivatives. The company also offers a hosted white-label trading technology that enables organizations to provide internal electronic trading services on a proprietary branded platform.
More than 100 global and regional market makers connect to 360T´s bank-independent trading platform. Buy-side clients include national and multinational corporate treasuries, institutional clients such as asset managers, broker/dealers and banks.
Summit will help 360T, which is regulated by BaFin, grow both in FX and other adjacent financial markets.
The company also has offices in NYC, Singapore, Dubai, United Arab Emirates, and Mumbai, India.