Bank of America has spearheaded a $35 million Series D investment in OpenFin, a provider of capital markets operating systems, with notable participation from existing investors Pivot Investment Partners and ING Ventures.
Additional investors in this funding round include CME Ventures, CTC Venture Capital, SC Ventures, and Tribeca Early Stage Partners, alongside previous backers such as Bain Capital Ventures, In-Q-Tel, HSBC, JPMorgan, and Wells Fargo Strategic Capital, among others.
OpenFin leverages its Chromium container and workspace technology to facilitate app distribution, workspace management, and workflow automation. It is utilized by 90% of major global banks, deploying over 3,500 desktop applications across more than 3,800 buy-side and sell-side firms.
Recently, OpenFin signed a deal with the London Stock Exchange to transition its Workspace platform to OpenFin, enhancing interoperability with numerous internal applications developed by banks and buy-side customers.
In the last quarter of the previous year, OpenFin expanded its presence in the U.S. government sector through a strategic partnership and investment from In-Q-Tel, the investment arm of the CIA, to provide its technology to the U.S. Intelligence and Defense Community.
Mazy Dar, CEO of OpenFin, stated: “OpenFin Workspace is empowering financial institutions to transform the experience for their employees and customers, replacing traditional browsers with an enterprise browser designed for work. We’re thrilled to welcome Bank of America as our newest strategic investor and appreciate the continued support from Pivot Investment Partners and many other existing investors.”