• General
  • July 10, 2018
  • 4 minutes read

New York based Financial Services Technology company Exiger raises $80 million in first ever investment round

Exiger, An NY based financial services technology company which provides services to assist clients to prevent breaches, respond to risk…

Exiger, An NY based financial services technology company which provides services to assist clients to prevent breaches, respond to risk and monitor financial activities has now raised a Series A round of $80 million from San Francisco based VC firm Carrick Capital Partners with this investment representing the acquisition of a minority stake in 5 year old Exiger known for its offering of monitoring and regulatory compliance software and services to various financial institutions, Government organizations and other corporations.
Exiger will make use of this capital to build out its and accelerate its technology solutions for the financial and corporate marketplace which stands as the main market for the use of its services.
Carrick Capital which made this investment stands as a notable tech investment firm with previous investments in several notable companies which include on-demand health care startup Accolade notable for having raised over $200 million in total funding along with LA based enterprise security company Saviynt and other technology companies.
Exiger’s executive chairman Mike Cherkasky issued a statement on this investment saying “Five years since our founding, onerous regulations continue to evolve globally with the cost of compliance showing no sign of abating. Carrick’s capital and business-building expertise will help us accelerate what is already an incredibly fast-growing company.”
This new investment represents an addition to the number of NY based startups which have raised huge funding in the rapidly growing New York technology scene notable for producing several huge and $1 Billion+ technology companies in the Silicon Alley space including the likes of Shutterstock, FanDuel, Etsy, Sprinklr, Oscar Health, Vice Media, Zeta Interactive, MediaMath and a long list of other notable companies 

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