Siepe, a Dallas, Texas-based provider of technology solutions for private credit and CLO managers, has raised $30 million in Series B funding.
Investor
The round was led by WestCap, a strategic operating and investing firm that partners with visionary leaders to build generational businesses. WestCap’s team comprises seasoned industry leaders and entrepreneurs who guide companies through pivotal stages of growth. The firm has offices in New York, San Francisco, New Hampshire, and London.
Siepe Use of Funds
The company will use the funds to enhance its AI and machine learning capabilities and strengthen its strategic partnerships. The new capital will drive its expansion in technology and services, including the addition of new clients and assets.
About Siepe
Founded in 2012, Siepe provides cutting-edge technology and service solutions tailored to high-yield, private credit, and alternative investment managers. Through its cloud-based platform, Siepe offers flexible front-, middle, and back-office solutions to streamline workflows, scale processes, and transform data into actionable insights. The platform leverages technology to reduce risk, enhance scalability, and provide a seamless experience for portfolio managers, traders, analysts, and operations teams to access data in a centralized format.
Funding Details
Company: Siepe, LLC
Raised: $30.0M
Round: Series B
Funding Date: August 2024
Lead Investor: WestCap
Additional Investors:
Company Website: https://www.siepe.com/
Software Category: Financial Data Management
Source: https://www.prnewswire.com/news-releases/siepe-raises-30-million-to-transform-data-management-in-private-credit-and-clo-markets-302228040.html