Strevus Inc., a San Francisco, CA-based provider of risk and compliance management solutions for financial service institutions, raised $5.6M in Series A funding.
The round was led by Blumberg Capital with participation from U.S. Venture Partners (USVP) and existing angel investors. In conjunction with the financing, David Blumberg of Blumberg Capital joined existing Board of Directors Ken Hoang, Terry Garnett, Darlene Mann and Alan Naumann.
The company intends to use the funds for growth plans and build-out of its solution.
Founded in 2012 by Ken Hoang, CEO, Ken Price, Shaker Rawan and Jeff Sidell, Strevus provides financial institutions with a patent-pending, regulatory compliance and risk management solution to gather, track and report information between counterparties, clients and regulatory agencies.