VoxSmart raises £5.5m from NatWest in Series B funding round
VoxSmart, a provider of communications surveillance technology, has raised £5.5 million in a Series B funding round from UK bank NatWest.
NatWest’s venture arm provided the full £5.5m funding
The firm, which has raised $13.6 million since its 2006 founding, offers surveillance systems to aid compliance with regulatory rules for financial markets.
VoxSmart claims to be the first player on the market to offer a WhatsApp and WeChat compliance solution, and has a customer base which includes 100 blue chip firms within the financial services sector.
Kit Maclaren, director of NatWest Growth Capital, says that funding UK companies such as VoxSmart reflects the bank’s “wide dedication to supporting high growth, innovative scale-up businesses.”
For Oliver Blower, group CEO at VoxSmart, his firm is building something unique. He says that “no other vendor in this space” has the same pedigree and expertise in communications surveillance for financial services.
VoxSmart, based in London, has experienced three funding rounds. Its first in 2017 was led by Deepbridge Capital and landed the firm $7 million.
A venture round followed in 2018 but the financial details were not disclosed.
The firm won Best Governance Risk & Compliance Product at the 2015 Banking Technology Awards, while Blower was nominated for the Tech Leadership Award at the 2017 awards.
