Spectrum Equity and Information Venture Partners led a C$515m recapitalization of Verafin.

Spectrum Equity and Information Venture Partners led a C$515m recapitalization of Verafin, the world’s largest financial crime management software company. “We are very excited to begin this new phase of Verafin’s journey. This financing round with our long-term partners Spectrum Equity and IVP allows Verafin to accelerate our investments in product innovation and customer success, and continue our progress in market penetration of larger financial institutions,” Jamie King, CEO of Verafin.