New York based risk data management and regulatory reporting technology for the financial services industry firm AxiomSL has announced an undisclosed amount of funding from TCV. TCV’s investment will enable the company to accelerate growth and cement its position as the financial industry standard for risk and regulatory compliance data management. As part of the investment, the AxiomSL board of directors will benefit from the expertise of Rick Kimball, Founding General Partner at TCV, and Nari Ansari, Principal at TCV.
“We selected TCV as our first institutional investment partner given their experience in helping financial technology companies achieve their mid- to long-term growth and strategic objectives,” said Alexander Tsigutkin, Group CEO of AxiomSL. “Partnering with TCV will allow AxiomSL to continue our mission of empowering firms to address increasingly complex, granular, and data-intensive regulatory regimes and requirements.” “Over more than 25 years, AxiomSL has achieved clear market leadership for global risk and compliance data management technology in the financial services industry,” said Rick Kimball, Founding General Partner at TCV. “We are excited to partner with Alex and the AxiomSL management team in their next phase of growth.”