SaaS provider OpenGamma has announced the closure of a $13.3m Series D funding round.
Lead investors Accel and ICAP were joined by Cristóbal Conde, the CEO and president of SunGard, and also an independent non-executive board member of OpenGamma’s board since 2014.
Speaking about the raise, OpenGamma’s newly-appointed CEO Peter Rippon, said: “We’ve demonstrated that we are an innovative and effective developer of technology solutions for the financial community.
“This investment now lets us build from these solid foundations to become a world-class partner and provider of benchmark industry solutions,” he added.
Incorporated in 2009 and headquartered in London, OpenGamma develops software for the financial services industry, providing solutions to address the needs of over-the-counter (OTC) or privately-negotiated derivatives contracts.
“While OpenGamma cut its teeth on open source software, they have embraced the broader shifts in technology,” said Bruce Golden, partner at Accel. “By focusing on delivering the best-in-class cloud-based, modular solutions for the financial markets, the firm is positioning itself to become the market standard for derivatives risk analytics.”
The news comes after OpenGamma closed a $2.15m Series A in 2009, a $6m Series B in 2011 and a $15m Series C round in August 2012.