London, UK – October 26, 2023 – Quantile, a provider of multilateral optimization services for financial markets, today announced it has completed a $51 million Series C funding round. The investment was led by Spectrum Equity, a growth equity firm focused on internet-enabled software and information services companies.

This funding round also included participation from existing investor Goldman Sachs Asset Management’s Growth Equity business. The capital will be utilized to accelerate Quantile’s product development, expand its global market presence, and enhance its risk mitigation and capital optimization solutions for banks, hedge funds, and other financial institutions.

Quantile’s platform addresses capital efficiency and risk management challenges in OTC derivatives markets by enabling firms to reduce their gross and net notional exposures through multilateral compression and rebalancing services. Since its inception in 2015, Quantile has grown its network to include over 100 financial institutions worldwide.

Andrew Williams, CEO of Quantile, stated, “This investment from Spectrum Equity, alongside continued support from Goldman Sachs Asset Management, underscores confidence in our mission to enhance financial market stability and efficiency. The funding will enable us to accelerate our innovation pipeline and expand our reach, ensuring more market participants can benefit from our optimization services.”

Stephen LeSieur, Managing Director at Spectrum Equity, will join Quantile’s Board of Directors. LeSieur commented, “Quantile has established itself as a critical infrastructure provider in the derivatives market, delivering significant capital and risk benefits to its clients. We are impressed by their technology and strong client relationships, and we look forward to supporting their continued growth.”