- Saphyre serves asset managers, custodians, broker-dealers, and administrators
- HCAP Partners first invested in Saphyre in 2021 as the company’s lead institutional investor in a Series A round with J.P. Morgan and BNP Paribas participating in the round
- Saphyre was founded in 2017
HCAP Partners has exited its equity ownership stake in Saphyre, a Hoboken, New Jersey-based AI-driven fintech platform for pre-trade and post-trade automation.
The exit follows Saphyre recently securing a $70 million growth equity investment led by FTV Capital.
Saphyre serves asset managers, custodians, broker-dealers, and administrators.
HCAP Partners first invested in Saphyre in 2021 as the company’s lead institutional investor in a Series A round with J.P. Morgan and BNP Paribas participating in the round.
“This marks a major milestone for the Saphyre team, and we’re very pleased with the outcome for the company and its shareholders,” said Tim Bubnack, managing partner at HCAP Partners in a statement. “We appreciate the dedication and hard work of Saphyre’s employees, leadership team, board of directors, and strategic advisors who contributed to this success. We look forward to seeing Saphyre continue driving innovation in pre- and post-trade operations.”
Saphyre was founded in 2017.