Archer, a Berwyn, Pa.-based provider of technology and services for the investment management industry, received a $12.5m investment.
The round was led by NewSpring Growth Capital.
The company intends to use the funds to continue to grow operations.
Led by Bryan Dori, President and CEO, Archer provides a technology platform for the investment management industry whose clients manage more than $1 trillion in assets both domestically and globally.
Key features include:
Single Investment Book of Record (IBOR)
Trade order management
Unified managed accounts
Workflow & document library