Illuminate Takes $1.6 Million Stake in TickSmith

Investment will fuel the tick data management platform's expansion into New York and London.

Mark Beeston illuminate Financial 2017
Mark Beeston, founder of Illuminate Financial

This is the first institutional investment for TickSmith, which operates the TickVault data platform and counts CME Group and the National Bank of Canada among its clients. It will use the funding to further commercialize the product and grow internationally. Beeston who is a managing partner at Illuminate, says the funding will be used “to get boots on the ground in the two major financial centers and have some full-time coverage in New York and London.” TickSmith is currently based mainly in C

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