Bison (short for Boston Illiquid Securities Offering Network), a Boston, MA-based fintech company focused on developing innovative software solutions for the private markets, closed a funding round of undisclosed amount.
The round was led by Fintop Capital with participation from existing investors Hamilton Lane (NASDAQ: HLNE), a global private markets asset management firm, and GrandBanks Capital, a Boston-based VC firm. In conjunction with the funding, Rick Kushel, General Partner of Fintop, joined Bison’s Board of Directors.
The company plans to use the funds to further develop the Cobalt product line as well as expand global sales and distribution channels.
Led by Rasmus Goksor, CEO, Bison provides fund managers and asset allocators with Cobalt LP and Cobalt GP, a suite of business intelligence software products that addresses a need in the private markets for real-time portfolio analysis, data visualization, benchmarking and automated reporting.
Cobalt LP is distributed by Hamilton Lane, while Cobalt GP is distributed by Bison.
The company also has an office in Gothenburg, Sweden.