Symphony, a messaging system for Wall Street traders that also includes financial news, has raised more than $100 million from investors, reports Justin Baer of The Wall Street Journal.
Baer writes, “The new capital will be used to ‘accelerate global customer adoption,’ the Palo Alto, Calif.-based company said in a statement. Venture-capital firm Lakestar, Natixis and Société Générale also joined the latest funding round, which also drew money from existing investors such as Merus Capital, a venture-capital firm.
“The Wall Street Journal reported earlier this month that the latest investment would value Symphony at $650 million.
“‘This financing is a vote of confidence in Symphony’s value proposition,’ David Gurle, the company’s founder and chief executive, said in the statement.
“A group of 15 financial firms, including Goldman Sachs Group Inc., Morgan Stanley and BlackRock Inc., had put $66 million into Symphony last year.”
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