Genesis raises $200m in Series C funding led by Tiger Global Management to expand its platform.
The financing round was led by Tiger Global Management with participation from a group of prominent institutional investors.
Genesis provides an application development platform built specifically for financial markets organisations. The company helps major institutions accelerate software delivery and streamline third-party technology integration.
Genesis has secured $200m in a Series C funding round led by Tiger Global Management. The company was also backed by Accel, GV, Illuminate Financial, Insight Partners, Salesforce Ventures, and Tribeca Early Stage Partners.
The capital will be used to scale the Genesis platform, grow its developer community, and advance its buy-to-build operational model. This investment follows a period of rapid expansion for the firm, which has seen its business and headcount triple over the past year while onboarding major financial institutions.
From the founder
"The Genesis platform is already trusted by leading institutions from Citi, who is also a strategic investor from previous funding rounds, and ING to Alliance Bernstein and B3 to speed innovation and accelerate delivery of purpose-built financial markets applications,"
Stephen Murphy
CEO at Genesis
Investor perspective
"The rise of low-code development as a centerpiece of every IT stack is undeniable – the market is predicted to reach $21 billion by 2022 – but what Genesis represents is clearly the next-generation of low code/no code path forward for the highly complex, highly regulated, and extremely valuable financial markets,"
John Curtius
Partner, Tiger Global Management
Use of funds
- 01Continue product development
- 02Fund the next phase of growth
Investors
John Curtius
Tiger Global Management
Andrei Brasoveanu
Accel
GV
Illuminate Financial
Jonathan Rosenbaum
Insight Partners
Salesforce Ventures
Tribeca Early Stage Partners
Citi
