OpenFin Raises $3M

What does OpenFin do?

OpenFin, is a leading provider of HTML 5 runtime technology for the finance industry. Its patent pending software enables financial desktop apps to deployed instantly, interoperable and cross platform while keeping in mind the strict security and compliance requirements of financial institutions. This startup was founded in 2010 and is supported by financial industry’s senior executives and entrepreneurs. OpenFin runs with HTML 5 desktop applications with native experience and performance. Even the World’s largest banks and trading platforms use OpenFin for running high performance, multi-window HTML 5 applications on secure financial desktops.

How much OpenFin was funded?

OpenFin raised $3M in Series B funding on April 22^nd, 2015 from the investors Tom Glocer, Pivot Investment Partners, Cris Conde, Bain Capital Ventures and Nyca Partners.

Previous funding

• $750k in Seed round on May 4, 2011
• $1.9M in Seed round on June 20, 2012
• $4M in Series A on April 2^nd, 2014 from Bain Capital Ventures

What is next for OpenFin?

OpenFin is going to use the latest fund raised for its product development and expanding its engineering team in London and New York. The technology is aiming at the institutional finance space which has strict need around security and performance with an annual IT spend of over $40 billion.

More about OpenFin

OpenFin was founded on August 20, 2010 and has its headquarters in New York, NY.   OpenFin’s mission is to enable and accelerate development of the next gen  financial industry desktop applications. It provides faster performance and beautiful interfaces with contextual relevant info. It provides an interactive and integrated desktop experience. OpenFin is powered by Chromium, the fastest HTML5 engine in the world, and is built to meet the needs of the traders. With HTML5 you can build once and run everywhere, whether mobile or desktop. It is the only language which supports Microsoft, Apple, Adobe, Google and other major tech vendors.