ULTUMUS, the specialist ETF and Index data/technology vendor, is pleased to announce that it has successfully completed a second round funding from ETFS Capital. The parties anticipate this new funding is more than sufficient to provide all the capital needed by ULTUMUS to continue its long-term growth strategy, without the requirement to raise any further capital.
Following a successful first year of operation, ULTUMUS has seen a significant number of financial institutions implementing their platform as a preferred solution to address the challenges regarding flexibility, reliability and supportability of their existing feeds. Due to this success and the increasing need for data whose providence is clearly defined, ULTUMUS has taken this funding to expand its data coverage and functional capabilities in areas now being requested by clients.
Bernie Thurston CEO of ULTUMUS said “Securing our second-round funding from ETFS Capital is a key milestone in the ongoing development of our company and allows us to focus our expertise in delivering long term value to our clients who want a trusted service partner. Having ETFS Capital as an investor is key, as they have the knowledge, focus and experience in the ETF space that has enabled us to work together to increase the value of our offering”
Graham Tuckwell, Chairman of ETFS Capital said “Having originally provided seed funding to ULTUMUS in late 2016 we are proud to be able to continue to support and help grow the ULTUMUS business. The focus that ULTUMUS brings to technology as an enabler within the ETF industry, is a key requirement as the industry matures and continues its expansion as an important financial instrument.”