On June 24, 2020, Derivative Path, Inc. (DPI), a leading capital markets financial technology and services company, announced that it has secured $35 million in growth equity funding from FTV Capital, a successful investor in innovative, high-growth companies within the enterprise technology and services, financial services, and payments and transaction processing sectors. The investment is DPI’s first outside institutional round and will be used to expand its product offerings and help accelerate the company’s client-centric growth with financial institutions, end users, and buy-side clients using DPI’s interest rate derivatives and foreign exchange platform. Wilson Sonsini Goodrich & Rosati represented Derivative Path in the transaction.

DPI was launched in May 2013 by a founding team of capital markets sales, trading, technology, and market risk professionals that also provided the company’s initial funding. Beginning as a leading-edge trading platform for regional banks, the company has added new capabilities to its platforms, including automated hedge accounting and comprehensive interest rate derivative product coverage, and expanded into new asset classes like FX. Derivative Path’s platform has become the system-of-record for interest rate and FX hedges for many of the leading regional banks in the U.S. and this investment will help DPI enhance its offerings while continuing to provide best-in-class client service and support.

The Wilson Sonsini team that represented Derivative Path in the transaction includes Elton Satusky, RJ Lang, Barath Chari, Myra Sutanto Shen, Matt Staples, and Kathy Jordan.

For more information, please see Derivative Path’s press release.