Genesis secures £32.4m Series B investment led by Accel to expand operations.
Accel led the Series B round with participation from GV, Salesforce Ventures, and existing 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 £32.4m in a Series B funding round led by Accel. The investment also drew participation from GV, Salesforce Ventures, and existing backers Citi, Illuminate Financial, and Tribeca Early Stage Partners.
The capital will be directed towards expanding sales, marketing, and engineering teams, pursuing international growth, and further developing the platform's low-code and no-code tooling.
From the founder
"Over the past few years, we’ve seen the low-code revolution sweep multiple industries but in financial markets, legacy vendors and generalist low-code providers still dominate. Many firms are missing out on the benefits of low-code programming – agility, value and flexibility – at a time in which they’ve never needed it more. We knew there had to be a better way to build software in financial markets and enterprises more broadly. Our low-code application platform is a game changer, democratising product design and helping firms deliver digital innovation quicker and with less code. We are excited to have Accel on board who has a long track record in supporting category-leading companies in low-code and enterprise automation."
Stephen Murphy
CEO at Genesis
Investor perspective
"Low-code promises business users the autonomy to make their own technology usage and purchase decisions while enabling them to actually build their own applications without having to rely on IT. By bringing one of the most transformative innovations in software development to financial services, Steve and the Genesis team are taking on a huge market of legacy vendors – and winning too – while delivering on the promise of low-code. The confidence they’ve gained from serving such large institutions is proof that there’s a real and urgent need for a purpose-built low-code solution for financial markets. We’re excited to partner with Genesis and support them in delivering this across the world."
Andrei Brasoveanu
Partner, Accel
Use of funds
- 01Grow the team
- 02Invest in sales and marketing
- 03Continue product development
- 04Expand into international markets
