Terminus Capital Invests in Eventus
Private equity firm Terminus Capital Partners has made a majority investment in Eventus, a provider of trade surveillance and financial risk software. Eventus provides its solutions to financial institutions to monitor for market manipulation and other risks. The investment is intended to fuel the B2B software company's global growth.
- The private equity investor, Terminus Capital Partners, focuses on majority investments in North American B2B software companies with revenues between $10 million and $50 million. In May 2025, the firm closed its first fund at its hard cap of $250 million, with investors including endowments and funds of funds. - Eventus was founded in 2015 by its current CEO, Travis Schwab. Schwab previously served as the CEO and Chief Compliance Officer of RGM Securities, a large proprietary trading firm, where he identified a need for a more robust trade surveillance solution capable of handling high-frequency and high-volume trading. - Prior to this majority investment, Eventus had raised a total of $62.6 million over eight funding rounds. Its Series A in February 2020 raised $10.5 million and was co-led by Jump Capital and LiveOak Venture Partners, while its Series B in September 2021 raised $30 million and was led by Centana Growth Partners. - Eventus's core product is the Validus platform, which provides trade surveillance and market risk monitoring across various asset classes, including equities, options, futures, FX, fixed income, and digital assets. The platform utilizes machine learning and offers features like algo monitoring and real-time alerts. - The global trade surveillance market is experiencing significant growth, with one forecast projecting the market to grow from $1.7 billion in 2024 to $5.2 billion by 2030. This growth is driven by increased regulatory requirements and the rising complexity of financial transactions. - Key competitors in the trade surveillance market include NICE Ltd., Nasdaq, FIS, and BAE Systems. Eventus has been recognized with numerous industry awards for its technology. - In October 2025, Eventus launched Frank AI, a new artificial intelligence solution designed for financial compliance and surveillance analytics. - Eventus serves a wide range of clients, including tier-1 banks, broker-dealers, proprietary trading firms, market centers, and regulatory bodies.
