Xignite closes $20.5M Series C funding round
11th February 2016
Level39 member Xignite, who provides market data cloud technology for financial institutions and fintech companies, is aiming for the Asian market after raising $20.5 million in a Series C funding round led by Japan’s QUICK corporation, part of the Nikkei Group.
StarVest Partners, Altos Ventures, and Startup Capital Ventures, Xignite’s current investors, also participated, bringing Xignite’s total funding to $37 million.
Xignite will be using the cash to not only deliver their technology to the Asian market but also strengthen sales and marketing for the regional push. QUICK will be able to use Xignite’s API to deliver their financial data and information.
Stephane Dubois, CEO, Xignite, says: “Fintech innovators continue to put pressure on more traditional financial services companies. These legacy institutions must innovate and simultaneously cut costs if they want to survive and thrive in this new paradigm. This includes the complex, burdensome and costly consumption of financial data. We are excited to have Quick’s backing and shared vision of an advanced, global market data cloud infrastructure.”