Tradeteq, a London, UK-based technology provider of a SaaS securitisation and bank asset distribution platform, raised $12.5M in Series A Plus funding.
The round was led by MS&AD Ventures, with participation from fellow venture capital firm Interlock Partners. Interlock was joined by Victor Ganzi, one of its investors and advisors, whose former roles included CEO of The Hearst Corporation and Chairman of Willis Towers Watson, among others. Mr. Ganzi will join Tradeteq as an advisor. Furthermore, Jon Soberg, Managing Partner at MS&AD Ventures, and Harry Hawks, Venture Partner at Interlock, will be joining the board as observers.
The company intends to use the funds to expand operations via new partnerships.
Led by CEO Christoph Gugelmann, Tradeteq provides a SaaS platform for banks to securitise and distribute their trade finance assets to investors. Earlier this year, the company extended its solution to cover private credit, making it easier for banks and alternative lenders to connect, interact and transact with investors, such as pension funds and insurance companies.
FinSMEs
11/09/2023