# OpenFin

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

- Industry: Internet
- Headquarters: New York, US
- Website: www.openfin.co
- Total disclosed funding: $77M
- Latest round: Series D (May 24, 2023)
- Investors on record: 16

## About

OpenFin, based in New York, enhances enterprise productivity through its innovative Here™ Core platform, designed primarily for the financial services sector.Founded in 2010, OpenFin specializes in providing a unified platform for financial institutions to streamline operations. Originally established by a team of technology entrepreneurs, the company has not undergone any significant pivots. OpenFin’s headquarters is located in New York, US. To date, the firm has completed 11 deals, with its most recent funding round being a Series D raising USD 35.00 mn on May 24, 2023, led by Bank of America and supported by numerous investors including Bain Capital and JP Morgan Asset Management. This latest funding represents the total amount raised by the company, which stands at USD 35.00 mn.OpenFin offers Here™ Core, a platform that enhances enterprise productivity by integrating multiple applications in a customizable workspace. Designed for the financial services sector, Here™ Core facilitates real-time collaboration and includes the Here™ Enterprise Browser for secure web access tailored to enterprise environments. Its primary clients are banks and trading firms in North America and Europe, focusing on enhancing operational efficiency through digital solutions.OpenFin's revenue model is based on subscription services for Here™ Core and the Here™ Enterprise Browser. Clients typically enter annual agreements to scale usage, which includes support and updates. The B2B transactions are structured to cater to both large financial institutions and smaller firms, ensuring long-term partnerships and integration into their digital infrastructure.In May 2023, OpenFin raised USD 35.00 mn in Series D funding, led by Bank of America. The company plans to utilize these funds to expand its OpenFin OS platform across the financial industry. OpenFin is also targeting expansion into additional geographic regions, specifically looking to enhance its presence across Europe by the end of 2024. The upcoming initiatives include the launch of new features for Here™ Core, aimed at improving user experience and operational capabilities.

## Funding rounds

- Series D, May 24, 2023, $35M — Bain Capital, Wells Fargo Bank, HSBC Group, Bank of America, JP Morgan Asset Management, Barclays, Pivot Investment Partners, Nyca, CME Ventures, DRW Venture Capital, ING Ventures, SC Ventures, Tribeca Early Stage Partners, CTC Venture Capital
- Series D, Jul 6, 2022, $10M — ING Ventures
- Series C, May 16, 2019, $17M — Bain Capital, Wells Fargo Bank, JP Morgan Asset Management, Barclays, Pivot Investment Partners
- Series B, Feb 16, 2017, $15M — Bain Capital, JP Morgan Asset Management, Euclid Opportunities, Pivot Investment Partners, Nyca, DRW Venture Capital, NEX

## Investors

- Bain Capital (https://capitalatlas.ai/funds/bain-capital) — Series B, Series C, Series D
- JP Morgan Asset Management (https://capitalatlas.ai/funds/jp-morgan-asset-management) — Series B, Series C, Series D
- Euclid Opportunities — Series B
- Pivot Investment Partners (https://capitalatlas.ai/funds/pivot-investment-partners) — Series B, Series C, Series D
- Nyca (https://capitalatlas.ai/funds/nyca) — Series B, Series D
- DRW Venture Capital (https://capitalatlas.ai/funds/drw-venture-capital) — Series B, Series D
- NEX — Series B
- Wells Fargo Bank — Series C, Series D
- Barclays — Series C, Series D
- ING Ventures (https://capitalatlas.ai/funds/ing-ventures) — Series D
- HSBC Group — Series D
- Bank of America — Series D
- CME Ventures (https://capitalatlas.ai/funds/cme-ventures) — Series D
- SC Ventures — Series D
- Tribeca Early Stage Partners (https://capitalatlas.ai/funds/tribeca-early-stage-partners) — Series D
- CTC Venture Capital (https://capitalatlas.ai/funds/ctc-venture-capital) — Series D