Market communications surveillance firm Mirrorweb has secured a $63 million growth equity investment from Mainsail Partners.
Founded in 2016, MirrorWeb’s Insight platform enables firms to capture, archive, and monitor communications across multiple channels, including websites, mobile, email, instant messaging, and social media.
This investment comes in response to regulators worldwide tightening scrutiny on the use of personal phones and social media in the capital markets sector, leading to significant penalties for financial firms that fail to archive their data.
“Regulators have never been more focused on ensuring the integrity of financial markets, protecting investors, and preventing systemic risk to our economy,” said David Clee, co-founder and CEO of MirrorWeb. “Mainsail’s investment and operational resources will help us continue to support financial institutions as they navigate this environment and meet their compliance and digital preservation needs.”