Kurtosys Secures $8M in Series C Funding
Triangle Peak Partners joins True Ventures in backing FinTech software leader
NEW YORK, NY, December 19, 2013-- Kurtosys Systems, a leading FinTech software company helping asset managers, has secured $8 million in Series C financing from Triangle Peak Partners and existing investor True Ventures. The investment will be used to fund its global customer footprint and increase its world-class R&D and support teams.
“The growth opportunity in the FinTech space is very exciting for us,” said David Pesikoff, president and co-founder at Triangle Peak Partners. “We believe that with its superior digital tools, Kurtosys is uniquely positioned to help asset managers leverage technology to attract and retain investor assets.”
“We invested in Kurtosys because the market opportunity for a vertically focused, SaaS company targeting financial service firms worldwide is huge,” said Phil Black, co-founder of True Ventures. “Co-Founder Mash Patel, and CEO Jeff Hendren, have a bold vision for Kurtosys — it is easy for us to again invest resources into this great company. We look forward to our continued partnership.”
With a presence spanning four continents and some of the world’s largest asset managers as clients, Kurtosys has built a team of industry experts to transform the way that financial information is shared and consumed.
“We’re honored to have the continued support of True Ventures and new partners Triangle Peak,” said Jeff Hendren, who was recently named CEO after joining as President in 2012. “I’m very proud of the progress we’ve made over the last two years, and I’m confident these partnerships will help us continue innovating and supporting the needs of our growing customer base.”
Kurtosys helps brands connect with their customers using the power of online and mobile communications. With robust infrastructure and outsourcing services, Kurtosys simplifies workflows and reduces costs with secure portals and document automation tools dedicated to making financial data beautiful. Kurtosys offers a broad range of digital marketing and reporting tools including Client Reporting, Secure Portals, Fund Fact Sheets, and Fund Tools. Headquartered in London, Kurtosys has offices in New York, Cape Town, and Gurgaon (India). Find out more about Kurtosys, visit http://www.kurtosys.com and subscribe to the Kurtosys blog.
About Triangle Peak Partners
Triangle Peak Partners II, LP is focused on venture capital and private equity investments in private and public companies in the technology, energy and alternative energy sectors. It is managed by Triangle Peak Partners, LP which has over $500 million in assets under management, approximately $350 million of which is in venture capital and private equity. TPP has offices in Carmel, Palo Alto and Houston. For more information, visit http://www.trianglepeakpartners.com.
About True Ventures
Founded in 2006, True Ventures is a Silicon Valley-based venture capital firm that invests in technology startups. With three funds and approximately $600 million in capital under management, True provides funding to the most talented entrepreneurs in today’s fastest growing markets. The firm maintains a strong founder community and offers innovative educational opportunities to its portfolio, helping entrepreneurs achieve higher levels of success and impact. To learn more about True Ventures, visit http://www.trueventures.com.
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