HCAP Partners Exits Investment in Saphyre
HCAP Partners has successfully exited its equity investment in Saphyre, an AI-driven fintech platform, following a $70 million growth equity investment led by FTV Capital announced in a press release. This marks a significant milestone for Saphyre, which has rapidly expanded its client base across the U.S. and Europe, serving top-tier asset managers, custodians, broker-dealers, and administrators.
HCAP Partners first invested in Saphyre in 2021 as the lead institutional investor in a Series A round, with participation from J.P. Morgan and BNP Paribas. Over the course of the partnership, Saphyre achieved substantial growth, including a dramatic rise in recurring revenue and an expanded leadership team. HCAP played a key role in supporting Saphyre's expansion by strengthening operations and attracting top talent.
Saphyre's AI platform is designed to modernize complex pre- and post-trade processes, accelerating time-to-trade and reducing operational risk. The platform's capabilities have allowed it to maintain a competitive edge in the financial industry, facilitating seamless client onboarding and lifecycle automation.
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