Close of interim investment into Insightful Technology logo
Close of interim investment into Insightful Technology Funds raised:£700,000

Ruffena Capital is delighted to announce the completion of an interim equity investment of just under £700,000 into its client Insightful Technology, (“Insightful”), by a syndicate of some of its private technology investors.

Ruffena Capital is delighted to announce the completion of an interim equity investment of just under £700,000 into its client Insightful Technology, (“Insightful”), by a syndicate of some of its private technology investors.

Various parties are in early dialogue for the balance of the £3m raise, as a blend of debt and equity.

ABOUT INSIGHTFUL TECHNOLOGY

Insightful has developed Soteria, its all-encompassing regulatory compliance and surveillance SaaS platform, to capture communications, trade or news feed data in real-time, for normalisation, secure private cloud storage and retrieval for immediate analysis.

Insightful now has over 180 customers in the financial services sector and has just deployed its technology into one of the largest UK-based tier 1 global banks. Forward contract value now exceeds £9m. Rob Houghton, CEO and Founder said, “To date, all our profits have been reinvested into the development of Soteria to build a unique offering for regulated markets. Following our latest version release, we chose to take strategic investment to expedite the significant growth opportunity we foresee and drive our sales, marketing and service support.”

Rob Houghton added “It has taken a highly-committed and focused team to get us to this point and we are all very excited for the future, supported by Ruffena Capital. With market traction quickly gathering momentum, the next 18-months is set to be very busy.”

LEADING TECHNOLOGY

Upon receiving this initial investment, Insightful has begun marketing, focusing on the Financial Services Industry, developing the brand and launching the latest version of Soteria in London and New York, as Lead Sponsors of the prominent ‘1LoD’ compliance and surveillance events. They have also utilised the funding to secure new sales and service heads in order to be much more proactive in the marketplace, including the sponsorship of four more industry events in London, New York and Hong Kong.

31 May 2019

Industry expert, Ken Urquhart, PhD Data & AI Specialist (ex-Microsoft) supported the company’s push into the marketplace by commenting: “Great to see Insightful Technology taking an active role in Compliance Fintech and Data Integrity discussions. Insightful's Soteria platform offers one of the most comprehensive compliance and regulatory solutions I've ever seen. Check out the Soteria timeline reconstruction features and you will see precisely what I mean. Outstanding job!”

Robin Rowland Hill, CEO of Ruffena Capital commented that “this is just the sort of opportunity we like working with at Ruffena: market defining technology; clear sector drivers; and a management team able to deliver scale and the potential for strong returns for our investors and funders. The first stage of investment took effort and care to agree, as this was the first time that Insightful had accepted external investment, and we look forward to completing the remainder of the round over the summer”.