# SteelEye

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/steeleye

- Industry: Software
- Headquarters: London, UK
- Website: www.steel-eye.com
- Total disclosed funding: $39M
- Latest round: Series B (Aug 24, 2022)
- Investors on record: 4

## About

SteelEye Limited is a compliance technology firm that provides integrated solutions for financial services, enabling clients to meet regulatory obligations efficiently through advanced surveillance and data archiving tools.SteelEye Limited, founded in 2017 in London, UK, specializes in compliance solutions for the financial sector. The company has successfully raised GBP 18.08 mn in its Series B funding round on August 24, 2022, led by Ten Coves Capital and supported by other investors including Beacon Equity Partners and Fidelity International Strategic Ventures. SteelEye has conducted a total of 4 deals, with its current valuation at GBP 68.556 mn. The founders are David Haines and Matthew Storey, and the CEO is Matt Smith.SteelEye provides integrated compliance solutions tailored for financial services, including advanced trade supervision tools, information archiving platforms, and comprehensive surveillance capabilities. These offerings allow clients to capture, store, and analyze trading and communication data across various platforms, ensuring compliance with regulatory obligations. Their client base includes investment firms, brokerage companies, and asset managers, primarily in the UK, US, and Singapore.In 2023, SteelEye reported a revenue of GBP 8,091,755.80 and an EBITDA of GBP -7,170,686.50. The company operates on a subscription model, allowing clients to access its compliance tools through annual subscriptions that cater to their specific needs.Following their Series B funding round in August 2022, SteelEye plans to utilize the GBP 18.08 mn raised for growth development and to accelerate the enhancement of their compliance solutions. The company aims to introduce new products aimed at improving compliance capabilities and is targeting expansion into additional markets, although specific regions and timelines have not been disclosed.

## Funding rounds

- Series B, Aug 24, 2022, $21M — Illuminate Financial, Beacon Equity Partners, Ten Coves Capital, Fidelity International Strategic Ventures
- Series A, Feb 10, 2020, $10M — Illuminate Financial, Fidelity International Strategic Ventures
- Seed, Nov 22, 2018, $7.3M — Illuminate Financial

## Investors

- Illuminate Financial (https://capitalatlas.ai/funds/illuminate-financial) — Seed, Series A, Series B
- Fidelity International Strategic Ventures (https://capitalatlas.ai/funds/fidelity-international-strategic-ventures) — Series A, Series B
- Beacon Equity Partners (https://capitalatlas.ai/funds/beacon-equity-partners) — Series B
- Ten Coves Capital (https://capitalatlas.ai/funds/ten-coves-capital) — Series B