What is Cable Tech?
Cable Tech operates as a financial risk management platform designed to mitigate financial crime. The company's solution empowers clients to manage, track, and demonstrate comprehensive control supervision. Key features include automated, independent effectiveness testing and assurance for controls, alongside real-time warning systems, positioning Cable Tech as a critical tool for regulatory compliance and operational integrity in the financial industry.
How much funding has Cable Tech raised?
Cable Tech has raised a total of $16.3M across 2 funding rounds:
Angel/Seed
$5.3M
Series A
$11M
Angel/Seed (2022): $5.3M with participation from LocalGlobe, Anthemis, and CRV
Series A (2023): $11M led by Jump Capital, Stage 2 Capital, and Crv
Key Investors in Cable Tech
Jump Capital
Jump Capital is a venture capital firm that invests in early-stage founders focused on solving challenges in fintech, application software, and infrastructure software. The firm is known for its rigorous financial expertise and commitment to understanding the businesses it supports, providing tangible help to its portfolio companies.
Stage 2 Capital
Stage 2 Capital is a venture capital fund led by over 800 go-to-market experts, focusing on investing in B2B software companies across various sectors including Fintech, Artificial Intelligence, and Marketplaces. The firm employs a unique investment model that combines traditional VC experience with operational expertise from seasoned executives to support portfolio companies in scaling their revenue.
Crv
Established in 1874, CRV is a global cattle improvement company that commits to adding value for farmers. CRV works on selective breeding and sells bull semen to improve farmers herds. CRV is headquartered in Arnhem, Netherlands.
What's next for Cable Tech?
The recent major strategic investment signals a pivotal growth phase for Cable Tech, likely enabling expansion of its platform's capabilities and market reach. This infusion of capital is expected to fuel further development in automated financial crime reduction tools and enhance its client support infrastructure. The company is poised to solidify its position as a leader in financial risk management, leveraging this strategic backing to drive innovation and capture greater market share.
See full Cable Tech company page
