ChartIQ finds a path to $17.4m funding
ChartIQ, a US-based finance software provider, has completed a $17.4 million Series B funding round, led by German investor Digital+ Partners.
This investment makes the total amount raised by the firm over $20 million since its founding in 2012.
The fintech creates HTML5 financial charts, as well as Finsemble, a desktop integration platform that links any application together.
“This infusion of new capital will accelerate our ability to help firms build smart, modern and integrated desktops, while maintaining the value of legacy software,” says Dan Schleifer, CEO and co-founder of ChartIQ.
The company will use the funding for hiring, expand its headquarters, and invest in research and development. It plans to double in size over the next year by adding a few dozen engineers and sales staff.
“With the rapid proliferation of new fintech applications and the siloed nature of legacy solutions, the platform enables users quickly to connect all of their applications into a unified workflow,” adds Mark Whitcroft, partner at Illuminate Financial and ChartIQ investor. ”Users can adopt and integrate new fintech solutions from the Finsemble ecosystem, which also includes a number of Illuminate’s portfolio companies.”
ChartIQ is headquartered in Charlottesville, Virginia and currently employs a total of 50 globally. The firm says that nine of the largest global investment banks use its financial software.