M
MillTech
A one-stop solution to manage your global FX hedging activities, by Millenium Global
About MillTech
MillTech emerged as a transformative force in the foreign exchange industry, founded in 2019 by a team of seasoned professionals including Michael Huttman. The company set out to simplify and democratize access to institutional-grade FX services for asset managers and corporate treasurers, born from the realization that many businesses faced real challenges managing currency risk efficiently in a market long criticized for its opacity.
Operating as the technology and execution arm of Millennium Global Investments, a currency overlay specialist with roots dating to 1994, MillTech leveraged that heritage to build a platform combining trade calculation, multi-bank execution, settlement, reporting, and transaction cost analysis into a single service. Its FXaaS marketplace gives clients direct access to preferential rates and credit from a network of Tier 1 counterparty banks, replacing fragmented, manual FX workflows with a transparent, fixed-fee model.
A major funding round from Apax Digital Funds helped propel the company's growth, allowing further investment in technology and talent, including the 2025 expansion into cash management through a partnership with BlackRock's CacheMatrix and the launch of Co-Pilot, an AI-powered risk advisory tool. MillTech now serves fund managers, institutional investors, and corporate treasurers across the UK, Europe, and North America.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2019
- Headquarters
- London, United Kingdom
- Employees
- 97
- Open positions
- None listed
- Dealroom signal
- 93.1/100
- Industry
- Fintech
- Sub-industry
- Wealth Management
- Sector
- Fintech, Financial Exchanges, Hedge Funds, Foreign Exchange, Treasury Management
- Technology
- Artificial Intelligence, Big Data
- Business model
- SaaS
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| LATE VCOther financing | Apr 2026 | $60M | $325M | Apax Digital | ↗ |
| LATE VCOther financing | Jun 2021 | $30M | $120M | VCM Global Asset Management | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for MillTech is 13K monthly website visits, up 217.1% over the last three months. MillTech's team grew 19.8% over the past year.
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series B and later2 investors entered at this stage
VCM Global Asset Management
Apax Digital
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about MillTech on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
See MillTech’s full profile on Dealroom
Request a free trial to see the complete deal history, financials, people graph and growth signals.
Takes under a minute. Already use Dealroom? Log in.