Making Ripples

Strong momentum in RegTech sector, underpinned by Dealflo fund raising

According to thefintechtimes.com, RegTech companies raised a combined total of $238m across 34 deals, a record number of transactions, in the opening quarter of 2017. Total funds raised by the sector grew 102% Q1-on-Q1 although the total remained below the peak reached in Q3 2016 when $314m was committed to RegTech companies. The largest deal involved Netwrix, an Irvine-based compliance startup, which raised a $51m Series A round from Updata Partners in February of this year.

Compliance-focused investments, like Dealflo, staged a comeback in the first quarter of the year raking in 59% of RegTech investments, outstripping funding to anti-fraud companies which took in the largest share last year. ‘Reporting’ grew to 12%.

Frog Capital backed Dealflo was the largest of nine deals closed in London in Q1. The digital financial agreement  automation software company raised $12.5m.

 

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