Solactive, a Germany-based technology-enabled provider of indices and index solutions to the global financial services industry, announced on Thursday it received a €50 million minority investment from global growth equity firm Summit Partners. Founded in 2007, Solactive states it focuses on tailor-made indices across all asset classes, which are developed, calculated, and distributed worldwide.
“Offering a high level of flexibility, speed and value, Solactive’s award-winning solutions are used by more than 400 international clients, including leading investment banks, ETF providers, hedge funds, asset owners and asset managers, with more than $200 billion of global assets linked to more than 17,000 Solactive indices..”
While sharing more details about the investment, Steffen Scheuble, Founder and CEO of Solactive, stated:
“We are proud to be one of the fastest growing index providers in the world and widely regarded as a disruptor in the global index market. We are excited to join forces with Summit Partners and work together to further accelerate our journey. Summit brings significant experience in the technology and financial services sectors, as well as deep resources in supporting the expansion of our businesses across products, regions and client segments.”
Solactive then added that the investment will help support its continued global growth, as the company expands its product offering and presence worldwide and further builds upon its proprietary technology platform, infrastructure, and global team.