Greenhill SAVP announced today that it has made a $1.25 million investment in YellowJacket Software Inc. (âYellowJacketâ). YellowJacket, based in New York, is a privately-held financial technology company specializing in energy trading solutions for the financial and energy marketplaces.
Propelled by strong market adoption of its energy trading platform - more than 80% of todayâs Weather derivatives market is quoted on YellowJacket â the firm has experienced significant growth since it was founded in 2002. The company recently expanded its focus into additional energy markets, including Natural Gas, Power and Crude, and now has a client base of more than 130 firms.
âOur investment in YellowJacket reflects our enthusiasm about the company, its business model and technology solutions, and is an acknowledgement that it is uniquely positioned to best meet the complex needs of the energy trading marketplace,â said Brian Hirsch, Managing Director of Greenhill SAVP. âGreenhill SAVP is excited to be in the position to work together and help grow YellowJacket even more.â
Jacob Pechenik, President and CEO of YellowJacket, agreed. "The ability to leverage Greenhillâs wide breadth of relationships will help us maintain first-mover status in the over-the-counter energy trading marketplace, and capitalize on the tremendous growth weâve seen in this sector.â