# Calastone

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/calastone

- Industry: Financial Services
- Headquarters: London, UK
- Website: www.calastone.com/
- Total disclosed funding: $24M
- Latest round: Series B (Aug 2, 2013)
- Investors on record: 2

## About

Founded in 2007 and headquartered in London, UK, Calastone Limited specializes in digitizing investment processing, streamlining operations for the funds industry through its automated solutions.Calastone Limited operates in the investment processing sector, focusing on automating and enhancing the efficiency of trading activities for fund managers and asset servicers. The company was founded in London, UK, by Philip Goffin. As of October 2020, Calastone secured a Series B funding round of GBP 12.85 mn led by Accel, aiming to facilitate product innovation and global expansion. The company has completed a total of 4 deals, with its most recent deal occurring on October 26, 2020. Calastone's current valuation stands at GBP 42.503 mn.Calastone provides a comprehensive suite of digital solutions tailored for the funds industry, focusing on automating investment processing to alleviate traditional inefficiencies. Key offerings include order routing, settlements, share class conversions, and dividends reporting, servicing approximately 4,500 clients across more than 57 countries. The company aims to support the digital transformation of its clients, enabling them to enhance operational efficiency and client service.In the most recent fiscal year 2024, Calastone reported a revenue of GBP 103,889,175.7 with an EBITDA of GBP -4,003,062.1. Its revenue generation model is primarily B2B, reliant on transaction-based fees for trade executions processed through its network, allowing clients to manage costs effectively.Calastone plans to leverage its most recent funding to accelerate product development and expand into new geographic regions. The acquisition by Carlyle Group in October 2020 aims to bolster Calastone's capabilities in product innovation and market reach. The company is targeting further expansion into North America and Asia by 2025, enhancing its product offerings to meet evolving client needs.

## Funding rounds

- Series B, Aug 2, 2013, $19M — Accel, Octopus Investments
- Seed, Oct 31, 2008, $4.5M — Octopus Investments

## Investors

- Octopus Investments (https://capitalatlas.ai/funds/octopus-investments) — Seed, Series B
- Accel (https://capitalatlas.ai/funds/accel) — Series B