Xignite rakes in $20.5 M in Series C

February 8, 2016

Post by Iris Dorbian

PE HUB fintechXignite, a provider of market data cloud solutions for financial institutions and financial tech companies, has raised $20.5 million in Series C funding. QUICK Corpled the round with participation from return backers StarVest Partners, Altos Ventures and Startup Capital Ventures. In conjunction with the funding, Atsuyuki Nakajima, a managing director at QUICK, has been added to Xignite’s board of directors.

PRESS RELEASE

SAN MATEO, Calif.–(BUSINESS WIRE)–Xignite, the leading provider of market data cloud solutions for financial institutions and financial technology companies, today announced that it has raised $20.5 million in a Series C funding round led by Tokyo-based QUICK Corporation, part of the Nikkei Group and Japan’s largest financial information provider. StarVest Partners, Altos Ventures, and Startup Capital Ventures, Xignite’s current investors, also participated. This new round brings Xignite’s total funding to $37 million.

In connection with the capital raise, Xignite and QUICK will be partnering to deliver Xignite’s cloud-based data solutions in the Asian market as well as QUICK’s proprietary financial data and information through Xignite’s market leading APIs. Xignite brings an elastic cloud infrastructure solution that is easy to use, multi-tenant, built on open standards and scalable with zero footprint to clients. QUICK is the first and leading financial information provider in Japan with a strong reputation and brand in Asia and a member of the Nikkei group.

Xignite will use the funds to further scale its sales and marketing efforts and expand its product capabilities in order to fuel the company’s continued global growth. Together with QUICK, Xignite will continue to accelerate the growth and disruption created by financial technology innovations in the Asian market and elsewhere around the world.

Full post at PEHUB.COM

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