Droit Raises $23 Million in Series B Funding Round, Supporting Global Growth and Wealth Product Development
NEW YORK, March 7, 2023 /PRNewswire/ -- Droit, a technology firm at the forefront of computational law and regulation, today announced it has closed a $23 million Series B investment in its latest funding round. The round was led by Pivot Investment Partners and UBS, the leading global wealth manager, through its venture and innovation unit UBS Next. Goldman Sachs, an existing investor, is also participating in the financing round.
- The round was led by Pivot Investment Partners and UBS, the leading global wealth manager, through its venture and innovation unit UBS Next .
- The investment will support Droit's expansion into wealth management through the development of new products specifically for the sector, including Cross Border and Product Suitability.
- This funding will enable us to accelerate the innovation of our new product lines," said Brock Arnason, Founder and Chief Executive Officer of Droit.
- Droit also expanded its global footprint establishing a presence in Singapore to support existing clients and build new relationships in the region.