What is OpenFin?
Founded in 2010 and headquartered in New York, NY, OpenFin has developed a proprietary HTML5 runtime technology designed to enhance the functionality and deployment of applications within the financial services sector. Its software empowers trading platforms and financial institutions to run sophisticated, multi-window HTML5 applications seamlessly on their desktop environments. This innovative approach addresses key challenges in application development and deployment for the demanding financial industry, facilitating greater efficiency and interoperability.
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 Bain Capital Ventures, Pivot Investment Partners, and Nyca Partners
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. It offers a wide range of products including savings and checking accounts, investment options, credit and debit cards, mortgages, loans, wealth management solutions, commercial lending, treasury services, and capital markets products, serving diverse clients worldwide.
Pivot Investment Partners
Pivot Investment Partners is a late-stage venture and growth equity-focused investment firm specializing in high-potential financial services and financial technology companies. They leverage extensive experience in global financial services to identify unique investment opportunities and provide impactful post-investment support.
SC Ventures
SC Ventures serves private equity firms, banks, and investors as hands-on operating executives for current portfolio companies, deals in due diligence, and targets. They specifically serve small-to-middle market companies looking to focus strategy or drive growth within their portfolio companies.
What's next for OpenFin?
With a history of consistent capital raises, including a recent Series D round, OpenFin is strategically positioned for continued expansion and technological advancement. The substantial enterprise-level funding suggests a focus on scaling operations, enhancing its platform capabilities, and potentially exploring new market segments or strategic partnerships. The company's trajectory indicates a strong market demand for its specialized financial desktop technology, paving the way for further innovation and market penetration.
See full OpenFin company page
