When was MillTech founded?

MillTech was founded in 2019 and raised its 1st funding round 7 years after it was founded.

Where is MillTech located?

MillTech is headquartered in London, United Kingdom.

How many employees does MillTech have?

As of Aug 31, 2026, the latest employee count at MillTech is 94.

Is MillTech a funded company?

MillTech is a funded company, having raised a total of $***** in its 1st and only funding round, a Series C round on Apr 08, 2026.

When was the latest funding round of MillTech?

MillTech's latest funding was a $***** Series C round on Apr 08, 2026, with participation from 1 investor.

Where does MillTech rank among its competitors?

MillTech ranks 8th amongst 51 active competitors, of which 10 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was MillTech, which secured $60M in Apr, 2026.

Who are the top competitors of MillTech?

MillTech's top competitors include Alpha Group, Partior and Kantox. Among them, MillTech secured the most recent funding round in April, 2026.

MillTech - 2026 Company Profile, Team, Funding & Competitors

MillTech is a series C company based in London (United Kingdom), founded in 2019. It operates as a Provider of automated foreign exchange and cash management technology platforms. MillTech has raised $60M in funding. The company has 51 active competitors, including 10 funded and 3 that have exited. Its top competitors include companies like Alpha Group, Partior and Kantox.

Company Details

Provider of automated foreign exchange and cash management technology platforms. These systems facilitate multi-bank execution and agency trading to manage hedging requirements. The technology integrates marketplaces for money-market fund investments to assist with liquidity management. Advisory services provide calculations and risk assessments to support decision-making processes regarding currency exposure and capital allocation.

Website: milltech.com
Email ID: *****@milltech.com
Phone Number: +44 **********

Key Metrics

Founded Year

2019

Location

London, United Kingdom

Stage

Series C

Total Funding

$60M in 1 round

Latest Funding Round

Series C, Apr 08, 2026, $*****

Investors

Apax

Ranked

8^th among 51 active competitors

Employee Count

94 as on Aug 31, 2026

Similar Companies

Alpha Group & 45 more

View MillTech's full profile

MillTech has raised a total funding of $60M over 1 round. Its latest funding round was a Series C round on Apr 08, 2026 for $*****. 1 investor participated in its latest round. MillTech has 1 institutional investor.

Here is the list of recent funding rounds of MillTech:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 08, 2026	9955860	Series C	3376403	8167977	9623151	5439858

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View details of MillTech's funding rounds and investors

Here are the details of MillTech's key team members:

Eric Huttman: CEO of MillTech.

MillTech's Board of Directors

MillTech's board has 2 active members. Eric Huttman is part of team and Kathleen Maria Gibson Stark is independent board member.

Here is the list of MillTech's board of directors:

Name	Type	Representing	Status	Duration
cyxjvhb	Team	-	Current	8y 5m
Kathleen Maria Gibson Stark	Independent board member	-	Current	13y 9m
{zuqqgv	Independent board member	-	Past	2y 2m
fasvull	Independent board member	-	Past	9y 2m
pgcmpqe	Independent board member	-	Past	6y 9m
gbxbrmy	Independent board member	-	Past	5y 4m
f{lyevp	Independent board member	-	Past	8y 7m

View details of MillTech's Founder profiles and Board Members

MillTech's employee count trend

MillTech has 94 employees as of Aug 26. Here is MillTech's employee count trend over the years:

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Top competitors of MillTech include Alpha Group, Partior and Kantox. Here is the list of Top 10 competitors of MillTech, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Alpha Group 2009, London (United Kingdom), Acquired	Provider of financial risk management and alternative banking solutions for institutions	-	-	57/100
2nd	Partior 2021, Singapore (Singapore), Series B	Provider of blockchain platform for cross-border payments and foreign exchange settlement	$111M	Peak XV Partners, Standard Chartered & 7 others	56/100
3rd	Kantox 2011, London (United Kingdom), Acquired	Cross-border money transfers platform & risk hedging solutions for businesses	$46.6M	Idinvest Partners, Partech Partners & 35 others	54/100
4th	Convera 2001, Seattle (United States), Public	Cross-border payments and FX risk management solution for businesses	-	Allen & Company, Goldfinch Partners & 2 others	48/100
5th	RTGS.global 2019, London (United Kingdom), Funding Raised	Risk management solutions for forex traders	-	-	44/100
6th	MFX Solutions 2009, Washington, DC (United States), Series A	Currency risk hedging tools for microfinance industry	$13M	Ford Foundation, Triodos Investment Management ... & 15 others	43/100
7th	AtlasFX 2010, San Francisco (United States), Unfunded	Software for risk management	-	-	43/100
8th	MillTech 2019, London (United Kingdom), Series C	Provider of automated foreign exchange and cash management technology platforms	$60M	Apax	41/100
9th	HedgeFlows 2020, London (United Kingdom), Seed	Risk management and hedging solutions for forex assets	$4.91M	-	39/100
10th	Neo 2017, Barcelona (Spain), Series A	Forex risk hedging solutions	$5.88M	-	37/100