Ten Coves Capital led a $21m Series B funding round in SteelEye.

Ten Coves Capital, a fintech-focused growth equity firm, led a $21m Series B funding round in SteelEye, a compliance technology and data analytics firm, with participation from Fidelity International Strategic Ventures, Illuminate Financial and Beacon Equity Partners. “Facing regulatory clampdowns, huge data volumes, and inflation impacts on budgets, financial firms need ways to reduce costs through efficiencies and automation. This is what we deliver through our distinctive, data-centric compliance platform. We are delighted to partner with the team at Ten Coves Capital, who have a long history of enabling technology businesses to scale and deliver real value to the financial services industry," Matt Smith, SteelEye CEO.