Solactive, a German financial technology company specializing in indices and index solutions for the worldwide financial services sector, has secured a minority investment of $60.4 million, equivalent to €50 million, from Summit Partners, a prominent growth equity firm.

Recognized as an innovator within the international indexing landscape, Solactive is capitalizing on the continuing and substantial transition from active to passive investment approaches. While headquartered in Europe, the company supports a diverse clientele of over 400 entities globally, encompassing leading investment banks, ETF issuers, and hedge funds, with in excess of $200 billion in worldwide assets tracking more than 17,000 Solactive indices.

Solactive’s core principle centers on a client-focused and technologically advanced methodology for the design, creation, computation, and delivery of indices and associated services. Its technology-driven foundation enables the provision of customized index solutions for ETFs and other investments linked to indices, spanning equity, fixed income, and diversified asset class strategies.

Steffen Scheuble, CEO and founder of Solactive in 2007, stated: “We take pride in being among the quickest-expanding index providers globally and are highly respected as a transformative force in the indexing market. We are enthusiastic about collaborating with Summit Partners to further propel our growth. Summit offers substantial expertise in both the technology and financial services industries, alongside considerable resources to support the development of our business across various products, geographic areas, and customer groups.”

Johannes Grefe, a principal at Summit Partners and future member of the Solactive board of directors, noted: “Steffen and the Solactive team have effectively identified and addressed this market shift with a highly efficient and customer-centric system built upon a resilient technology infrastructure. Combining a compelling vision, a strong product offering, and extensive client access, we are confident Solactive is poised to continue its groundbreaking impact on the indexing market.”

Solactive provides services to its international customer network from its main office in Frankfurt am Main, Germany, and additional locations in Toronto, Hong Kong, Berlin, and Dresden.