Harbottle & Lewis Advise Redkite Financial Markets on Investment From DFJ Esprit

9 September 2011

Harbottle & Lewis has advised Redkite Financial Markets, a specialist in real-time financial markets surveillance solutions, on their Series A investment from leading European venture firm, DFJ Esprit. The investment will accelerate the growth of the company whose next-generation solution enables the financial services sector to ensure compliance to global regulatory initiatives that demand real-time trade monitoring.

Redkite Financial Markets was established in 2009. Its flagship product, Redeye, equips financial institutions with the tools and knowledge to monitor, analyse and act on trading conditions in real-time, enabling them to detect suspicious transactions and trading behaviours in today’s complex market environment.

John Edge, Head of Business Development at Redkite Financial Markets, said: “This investment will take Redkite into an exciting new phase of development. There is significant, global demand for a flexible, real-time surveillance solution. Redeye has been developed by market practitioners to solve the compliance challenge that financial institutions, exchanges and regulators face. The investment from DFJ Esprit increases our ability to deliver a proven solution to a broader range of clients, whilst continuing to expand Redeye’s advanced analytics capability.”

Redkite has gained significant traction since launch, most recently announcing in March 2011 a global arrangement with Thomson Reuters. The partnership provides all market participants with access to relevant pre- and post-trade information to enable appropriate monitoring and risk management controls.

On working with Harbottle & Lewis, Edge commented: "To have a proven, experienced counsel involved in this transaction enabled the Redkite team to execute efficiently and in a timely manner. The team at Harbottle & Lewis, led by Tony Littner, knew how to manage a venture deal and provided excellent guidance throughout".