Fintech funding round-up: 15 March 2018
Mosaic Smart Data, a provider of data collection and analytics tech for the fixed-income trading divisions of banks, has received a “strategic” investment from JP Morgan Chase.
The US banking heavyweight has taken a minority stake in the London-based start-up. Last year, the bank signed a multi-year deal with Mosaic to use its technology globally.
Another UK-based tech firm, YellowDog, has closed an investment round, led by Bloc Ventures, to enable its Limitless Compute technology to expand from animation rendering to multiple vertical markets, particularly financial services.
The Seedrs crowdfunding campaign also saw Bristol Private Equity Club (BPEC) as an investor.
This round of funding will launch YellowDog’s next target – “big batch processing in the heart of the financial services”, the company says. The money will go towards “recruitment, technological development and strategic vision”.
YellowDog is already well-known in the animation and visual effects industry: Limitless Compute helps artists and animators render their CGI “faster than ever before”. The company says its software is “disrupting the way businesses access enormous amounts of compute”.
Gareth Williams, founder of YellowDog, says the backing from Bloc and BPEC proves the tech firm is “on the right trajectory” with its offering. “This fundraise will help YellowDog begin to unlock the massive potential in a new sectors starting with financial services,” he adds.
YellowDog was founded in 2015 and is based in Bristol.