Selerity Raises $4.2M for Expansion

The funding will help Selerity integrate more content and hire additional staff to support its growth.

ryan-terpstra

The funding round was led by Citigroup─along with existing Series B investors, including IA Ventures managing partner Roger Ehrenberg and Data Explorers and Credit Benchmark co-founder Mark Faulkner─which has also become a client of Selerity, integrating Context into the bank's Velocity institutional client platform.

The vendor declines to comment in detail about the funding, but Selerity founder and chief executive Ryan Terpstra says the investment will allow the vendor to expand the amount and