ACTIV Financial, a market data solutions provider for market makers, hedge funds, brokers and trading systems, has closed a reported $23.5m venture capital round with Bessemer Venture Partners.
ACTIV will use the proceeds to drive new customer acquisition, power continued product innovation and meet the escalating market demand for quality, cost-effective and ultra-low latency market data solutions, the company said.
“We are happy to be able to complete this financing for the clear leader in low-latency market data solutions,” said Rob Stavis, partner at Bessemer Venture Partners. “ACTIV’s best-of-breed technology and strong customer loyalty portends a rapid increase in industry adoption and growth. It’s unusual to find an opportunity to invest in a company with the type of growth, broad product line and time-tested model that ACTIV offers.”
From offices in New York, Silicon Valley, Boston, Beijing, Mumbai and Herzliya, Bessemer Venture Partners manages more than $2bn of venture capital invested in over 130 start-ups around the world. Portfolio companies include Skype, LinkedIn and Yelp.
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