FT Partners Advises Nitrogen (formerly Riskalyze) on its $20,000,000 Financing Led by FTV Capital
Overview of Transaction
- On October 31, 2016, Riskalyze (now known as Nitrogen) announced it closed a $20 million minority growth equity investment led by FTV Capital
- Headquartered in Auburn, CA, Riskalyze invented the Risk NumberĀ®, which powers the world's first Risk Alignment Platform and empowers advisors to execute a digital advice business model with Autopilot; Riskalyze also enables compliance teams to spot issues, develop real-time visibility and navigate changing fiduciary rules with Compliance Cloud
- FTV Capital is a growth equity investment firm that has raised over $2.7 billion to invest in high-growth companies within the enterprise technology & services, financial services and payments & transaction processing sectors
Significance of Transaction
- The transaction capitalizes on Riskalyze's strong growth and traction within the advisor market and demonstrates the need for quantified risk alignment
- With the investment, Riskalyze will look to bolster and expand its line of digital offerings
FT Partners' Role
- FT Partners served as exclusive strategic and financial advisor to Riskalyze and its Board of Directors
- Transaction demonstrates FT Partners' continued success advising on financings for top-tier FinTech companies