Finance Company OpenFin Raises $17 Million in Series C
OpenFin raised $17 million in a Series C funding round led by Wells Fargo with participation from Barclays and existing investors including Bain Capital Ventures, J.P. Morgan, and Pivot Investment Partners. The Series C round brings OpenFin’s total amount of venture funding to $40 million.
OpenFin’s desktop operating system is designed to enable financial services firms to build new applications with modern web technology while enabling seamless, secure integration with legacy applications. According to the company, the financing proceeds will be used to fund further product innovation, including OpenFin’s new cloud services offering, which enables banks, asset managers, wealth managers, and hedge funds to provide their own private app stores for employees and customers out of the box.