Droit Raises $23 Million In Series B Funding Round, Supporting Global Growth And Wealth Product Development

Mar 07, 2023•over 2 years ago

Amount Raised

$23 Million

Round Type

series b

New YorkLegalFintechFinancial Services

Investors

Goldman SachsUbsPivot Investment Partners

Description

Droit, a technology firm at the forefront of computational law and regulation, today announced it has closed a $23 million Series B investment in its latest funding round. The round was led by Pivot Investment Partners and UBS, the leading global wealth manager, through its venture and innovation unit UBS Next. Goldman Sachs, an existing investor, is also participating in the financing round.

Company Information

Company

Droit

Location

New York, United States

About

Droit builds mission-critical, breakthrough products to advance global regulatory compliance and real-time controls. Droit partners with leading global financial institutions to create forward-looking operational and regulatory solutions within the ever-changing financial landscape. Droit Adept is the innovative, patented platform that drives intelligent decision-making in a complex rule-driven landscape. The Adept platform provides an implementation of regulatory rules reflecting industry consensus. Institutions rely on Adept to provide solutions for pre-trade and post-trade controls, evaluating the permissibility of transactions, compliant regulatory reporting, and more. Adept generates decisions directly from digitized rules, regulations, and internal policies, visually represented in intuitive logic diagrams and linked back to the original sourced text. This complete traceability empowers users to act right with confidence. With locations in New York, London, Sydney, and Singapore, Droit continues to broaden its industry reach and offer clients breakthrough products enabling them to take the next right action. Learn more at droit.tech.

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