US-based financial technology provider Xignite closed a $20.5m series C round led by Quick Corporation, a financial data services subsidiary of media conglomerate Nikkei, on Monday.
Venture capital firms StarVest Partners, Altos Ventures and Startup Capital also contributed funding to the round.
Founded in 2000, Xignite’s cloud-based platform enables businesses to insert and reference real-time financial markets data on websites, in apps and through other digital products. The technology is aimed at clients such as financial services firms, exchanges, and media and software companies.
Xignite will use the funding to boost its sales and marketing efforts, further develop its product and accelerate international growth.
As part of the deal, Quick will partner Xignite to help the company expand across Asia and will also provide access to its proprietary financial data. Atsuyuki Nakajima, Quick’s managing director, will join Xignite’s board of directors.
Xignite has raised $37m to date. The company secured $10m in a 2011 series B round led by StarVest and backed by Altos, Startup Capital, and angel investors John Steffens and Peter Caswell.
Startup Capital and Altos provided $2.2m in a 2006 series A round that was extended to $5.7m in 2009, according to a regulatory filing. Xignite also obtained $675,000 in combined equity funding and debt financing in 2010.