Cloud9 raises $17.5mn led by UBS

June 05, 2020 | TradeTech

Written by FinTech Alliance

Cloud9 raises $17.5mn led by UBS

Clloud9 has raised $17.5 in a Series B funding round led by UBS.

In Brief:

  • The round also included existing investors JP Morgan and Barclays.

  • Cloud9 supplies voice trading software.

  • It offers a compliant, cloud-based system to provide access to a ‘virtual trading floor’.


What does this mean?

The funding round comes as Cloud9 reports significant growth. It has seen new business increase by over 50% since March and says it has onboarded “several” banks and investment firms.

Read more here.
 

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