Beringea invests £1.5m in VC-backed Celoxica

Ellie Pullen
15 September 2014

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Beringea has injected ТЃ1.5m into Celoxica, a UK-based market data provider for the financial industry.

The firm has backed the business via Beringea Growth Finance.

Celoxica plans to use the fresh capital to support its current internationalisation plans. The company is also planning to expand into new market segments.

Previous funding
At the end of May this year, Celoxica secured $3m in a round led by Oxford Capital Partners. According to unquote" data, the company has previously received backing from Advent Venture Partners, Cazenove Private Equity (now DFJ Esprit), Intel Capital, Quester Venture Capital Trust (now Spark Ventures), Wind River Ventures and the Isis College Fund. However, a number of these firms – Advent, DFJ Esprit, Intel and Spark – exited the company in 2010.

In 2004, Celoxica secured $6.3m from existing investors in a deal led by Advent, Cazenove, Intel and Quester. Prior to this, the company received a $30m investment from Advent, Cazenove, Intel, Quester, Wind River and the Isis College Fund in 2001.

Celoxica was previously listed on London Stock Exchange's AIM. The company held its IPO in June 2005 and raised £6.1m, although none of the company's venture capital investors sold shares in the listing, according to reports. However, in 2008 Celoxica sought shareholder permission to cancel the company's listing on AIM. In December that year the company was delisted due to financial burden.

Company
Celoxica was founded as a spinout from Oxford University in 1996 and was originally named Embedded Solutions until 2000.

In 2008, Celoxica underwent a major relaunch by bringing in a new board of directors and narrowing its key markets to focus on just the financial sector. The company now provides hardware-accelerated, ultra-low-latency market data for the financial industry, as well as risk trading services.

Celoxica employs 34 staff and is based in London, with additional offices in Paris, New York and Chicago.

People
Jean-Marc Bouhelier is the CEO of Celoxica. Mark Taylor is the head of Beringea.