Kyriba, a US-based provider of software to assist treasury departments, raised $21m in a series C round on Tuesday featuring Iris Capital, the venture capital firm backed by telecommunications company Orange and marketing firm Publicis.
Financial services provider HSBC, which participated as a new investor, cooperative bank Bred Banque Populaire, family office Daher Capital and venture capital firm Upfront Ventures also contributed to the round.
Kyriba received an undisclosed amount from Mitsubishi UFJ Capital and Mizuho Capital, the respective corporate venturing units of financial institutions Mitsubishi UFJ and Mizuho, in July 2014.
The company had previously raised $35.9m between 2009 and 2013 from Daher, Bred Banque and Iris. Payment services provider American Express, Upfront and Mangrove Capital Partners invested $10m in Kyriba in 2001.
The series C funding will be used to support product innovation and global expansion.
Jean-Luc Robert, chairman and CEO of Kyriba, said: “We are pleased to have HSBC on board as a strategic investor in Kyriba. This is a clear validation of our product capabilities and strategy.
“This investment will enable us to continue to enrich our solution and sustain our strong growth trajectory worldwide.”