US-based financial technology developer OpenFin has raised $15m in series B funding from investors including investment banking firm JP Morgan Chase and Euclid Opportunities, the fintech investment arm of brokerage group NEX.
Investment firm Pivot Investment Partners and Bain Capital Ventures, the venture capital branch of private equity firm Bain Capital, also participated, as did VC outfits Nyca Partners and DRW Venture Capital, angel investors and financial industry executives who had also backed earlier rounds.
Founded in 2010, OpenFin has developed technology that connects the various kinds of software used by Wall Street traders, providing a unified interface for applications that supply real-time market data, news, research, collaboration services and direct trading.
OpenFin has now secured a total of $22m in equity, according to its latest press release. Bain Capital Ventures previously led its $4m series A round in 2014.
Michael McFadgen, managing director of Euclid Opportunities, said: “We are currently in the process of bringing a number of our NEX Optimisation services onto the OpenFin platform.
“The ability to provide a cohesive and unified user experience is extremely powerful, and it makes our services more nimble allowing us to stay in front of innovations in any market. OpenFin has the ability to bring that kind of unification to the entire financial industry.”