What is OpenFin?
OpenFin develops and deploys HTML5 runtime technology that enables trading platforms and financial institutions to seamlessly run multi-window HTML5 applications on their desktops. Founded in 2010 and headquartered in New York, NY, OpenFin's software is crucial for enhancing the efficiency and functionality of financial trading environments. The company's technology facilitates the integration of advanced applications, thereby streamlining workflows and improving user experience for financial professionals.
How much funding has OpenFin raised?
OpenFin has raised a total of $81.6M across 7 funding rounds:
Angel/Seed
$750K
Private Equity
$1.9M
Series A
$4M
Private Equity
$3M
Series B
$15M
Series C
$22M
Series D
$35M
Angel/Seed (2011): $750K, investors not publicly disclosed
Private Equity (2012): $1.9M, investors not publicly disclosed
Series A (2014): $4M supported by Bain Capital Venture Partners, LLC
Private Equity (2015): $3M featuring Nyca Partners, Pivot Investment Partners, and Bain Capital Ventures
Series B (2017): $15M backed by JPMorgan Chase
Series C (2019): $22M with participation from HSBC
Series D (2023): $35M led by Bank of America, Pivot Investment Partners, and SC Ventures
Key Investors in OpenFin
Bank of America
Bank of America is a global financial institution providing comprehensive banking and financial services, operating through segments like Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets. They offer a wide array of products and services to diverse clients worldwide.
Pivot Investment Partners
Pivot Investment Partners is a late-stage venture and growth equity firm specializing in financial services and FinTech companies, leveraging extensive experience to identify unique investment opportunities and provide post-investment support.
SC Ventures
SC Ventures provides hands-on operating executive services to private equity firms, banks, and investors for portfolio companies, due diligence, and target identification, focusing on driving growth and operational improvements.
What's next for OpenFin?
With its latest major strategic investment, OpenFin is well-positioned to accelerate its growth and further solidify its market leadership. The substantial enterprise-level funding suggests a focus on scaling operations, expanding its technological capabilities, and potentially entering new markets or deepening its penetration within existing ones. This capital infusion will likely support continued innovation in its core runtime technology and the development of new solutions to meet the evolving demands of the global financial services sector. The company's trajectory indicates a strong emphasis on strategic partnerships and technological advancement to maintain its competitive edge.
See full OpenFin company page
