Derivitec is an established company with commercial contracts to provide derivatives analytics. Built as a cloud-based service, its customers can access clean market data and pricing / risk tools for their portfolios of transactions. Typical customers are mid/ large sized hedge funds or foreign exchange brokerages.
With proven demand the company is now building the client base using partnership agreements and direct sales.
Assembly was delighted to have the opportunity to invest initially through a secondary transaction. The Fund has made a further investment to support the growth of the business.
David is the lead on the investment and a Board member.