OpenGamma, a London, UK-based provider of an open-source analytics and risk management platform for the financial services industry, has completed a $15m Series C equity financing.
The company intends to use the capital to drive continued product innovation, expand geographically, and continue to support its open source community.
In conjunction with the funding, Mark Beeston, CEO of Post Trade Risk and Information at ICAP, has joined OpenGamma’s Board of Directors.
Founded in 2009 and led by Kirk Wylie, CEO, the company has launched its OpenGamma Platform in April 2012. The solution, which provides access to ad-hoc and pre-trade analysis, live risk and analytics, and batch and overnight risk reporting, integrates with legacy data sources, financial analytics libraries, trading systems and multiple market data feeds.
The company also has an office in New York.