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Celoxica secures GBP1.5m from Beringea Growth Finance

Celoxica, a provider of ultra-low latency market data, order entry and pre-trade risk solutions, has secured GBP1.5 million from Beringea Growth Finance, a provider of asset-based and working capital finance.

Beringea Growth Finance is part of Beringea LLP, the manager of the ProVen VCTs.


 
Established in 1996 as a spinout of Oxford University, Celoxica is a provider of trading solutions to the global financial services industry. Headquartered in the UK with offices in Chicago, New York and Paris, the company’s clients include some of the top automated trading firms, banks and brokers in the US and Europe.


 
Celoxica’s products optimise the performance of trading applications across multiple asset classes, including equity, options, futures, fixed income and FX markets.
 
Mark Taylor, head of Beringea Growth Finance, says: “Celoxica’s management team’s expertise combines a great knowledge of financial trading technology, with a deep understanding of how to apply FPGA technology to create best-in-class solutions for trading firms. We are pleased to support the company that is creating the worldwide standard for reliable, proven and ultra-low latency electronic trading.”


 
Jean-Marc Bouhelier, CEO of Celoxica, says: “The new investment will be used to support the operational growth of the business as we expand our presence globally and develop new market segments. We are delighted to work with Mark Taylor and the team at Beringea, who bring both their wealth of experience of private equity backed businesses in addition to expert knowledge and experience of providing debt.”

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