(HedgeCo.Net) dv01, the world’s first end-to-end data management, reporting and analytics platform offering loan level transparency and insight into lending markets, has raised $15 million in Series B funding, led by Pivot Investment Partners. Other participants include a new strategic investor, Regions Financial Corp., as well as existing investors, including Quantum Strategic Partners Ltd., Jefferies Financial Group Inc., Illuminate Financial Management and OCA Ventures. Proceeds from the financing will be used to expand dv01’s data library and invest in product innovation, including adding new SaaS offerings, securitization data and integrating third-party data, as dv01 continues to grow its customer base across lending markets, including in mortgages.
“The success of this Series B is proof of the strong demand for a holistic end-to-end solution that solves the entire workflow within lending and the structured products markets. With the support of our investors, and our growing team, we’re excited to develop our platform further, providing new and enhanced tools that are bringing much needed transparency and insight into every loan facing a consumer today,” said Perry Rahbar, Founder and CEO of dv01.