Firm58 Obtains $7,000,000 Series C Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f54d2425-0ef5-499c-834a-731f9793a895&Preview=1 -
Date
6/4/2010 -
Company Name
Firm58 -
Mailing Address
130 South Jefferson Street Second Floor Chicago, IL 60661 -
Company Description
Firm58 offers on-demand post-trade management
software solutions to manage critical operations such as position
management, billing, reconciliation, payment, fees and commission
calculations, in addition to customer, financial and operational analytics.
By automating all post-trade processes regardless of asset class (equities,
foreign exchange, fixed income, futures, etc.), Firm58 enables
organizations to increase revenues while simultaneously reducing costs. -
Website
http://www.firm58.com -
Transaction Type
Venture Equity -
Transaction Amount
$7,000,000 -
Transaction Round
Series C -
Proceeds Purposes
The investment will be used to fuel Firm58’s growth and expansion to provide post-trade Software as a Service (SaaS) solutions to capital markets firms. -
M&A Terms
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Venture Investor
New World Ventures -
Venture Investor
North Bridge Venture Partners
