OpenFin, a New York and London, UK-based provider of secure HTML5 runtime technology for financial desktops, raised $4.0m in Series A funding.
The round was led by Bain Capital Ventures.
The company, which has now raised $7.0m, intends to use the funds for product development and engineering team expansion in both New York and London.
Founded in 2010 and led by Mazy Dar, chief executive officer, Chuck Doerr, President and COO, and Mark Josling, Vice President of Applications, OpenFin provides banks, trading platforms and information providers with a solution to migrate their front-end desktop applications from older technologies to HTML5.
Based on Google’s Chromium open-source project, it provides an OS agnostic, open distribution model for building, deploying and integrating finance-grade applications in a secure and managed runtime environment.
The technology is already being used by three global banks with others in active trials.
The company is a graduate of the First Growth Venture Network, a New York based accelerator, and the FinTech Innovation Lab, a program sponsored by the Partnership Fund for New York City, Accenture, financial institutions and venture capital firms.