Calastone, a London, UK-based transaction network for the global funds industry, raised $18m in funding.
The company intends to use the funds to accelerate its global growth strategy, with a focus on Asia Pacific and Europe, in addition to expanding its product range.
Launched in 2007 and led by Julien Hammerson, Chairman and CEO, Calastone is an independent cross-border transaction network that enables any party involved in the production, distribution or management of funds to transact electronically, regardless of size or location.
It offers a range of services including order routing, settlement, reconciliations and valuations, re-registrations, trade notifications, pricing reporting, BIC Hosting, e-Dealing and STP consulting to support customers in their move towards STP efficiency.
Calastone now has more than 450 clients and 4,200 network connections.