London data management platform raises £14m in Series A funding

A London-based data management start up has raised £14m in Series A funding on the back of its ‘most successful year’.

Solidatus hope to this funding to transform how organisations view, understand, and manage data. The company hopes that the investment will boost expansion into new markets in the US and Asia.

The funding round was led by Albion VC and also included Ventures and Citi. The deal sees Jay Wilson join the Solidatus’ Board of Directors following the investment.

Philip Miller, co-founder of Solidatus, said: “To have two of the largest global banks as clients and investors in our first funding round speaks volumes about their belief in Solidatus’ ability to deliver value in financial services and beyond at an enterprise level.”

Solidatus more than doubled in size last year, as well as quadrupling its revenue and maintaining a profit. It expanded into several new sectors and joined the ranks of the RegTech100.

Philip Dutton, co-founder of Solidatus, said: We are looking forward to working alongside our investors to accelerate the delivery of organisational transformation and control to new markets and clients with the same level of commitment to the highest standards of service that are key to the Solidatus offering.“

Jay Wilson, investor and Solidatus board member, said: “Solidatus has built the best-in-class product to bear down on the industry’s pain points and we are delighted to lead the company’s first institutional capital raise to support the co-founders and the company in reshaping data lineage and the wider data management category.”

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