Scivantage, a Jersey City, NJ-based provider of information-enabled software for the financial services industry, secured a $20m round of funding.
The raise included debt financing provided by Comerica Bank and ORIX Ventures, as well as an additional follow-on equity round led by existing investors Brown Brothers Harriman Capital Partners and Edison Ventures.
The company intends to use the funds for growth capital and presence expansion in the financial services industry through various development initiatives.
Led by Adnane Charchour, CEO and President, Scivantage provides financial institutions, including broker-dealers, mutual fund companies, bank custodians, trust and prime brokers, with cloud-based software for the financial services industry to access to intelligent and actionable information and improve investment decisions.
FinSMEs
23/06/2014