Bipsync raises $7 million of investment
Research platform provider Bipsync has raised of $7 million investment to mount an international scale-up campaign.
Led by fintech investment firm Edison Partners, the investment round will allow Bipsync to expand its global footprint, accelerate product innovation and increase sales and marketing operations.
Spun out of Silicon Valley in 2013, the firm has since opened a product development office in Cardiff. Both its co-founder Dan Zambonini and technical director Paul Preece are Welsh.
The Cardiff-team, based in Stadium Plaza at the Central Cardiff Enterprise Zone, consists of ten people across software engineering, system administration and project management.
“Bipsync has won the trust of the world’s largest and most well-established funds by offering a solution that solves the unique research challenges facing asset managers today,” said Jennifer Lee, vice president at Edison Partners.
“The team has turned its domain knowledge in investment management and enterprise software development into a category-defining platform with impressive market uptake. We’re excited to partner with Bipsync on their next phase of growth and innovation.”
The investment comes at an exceptional period for BipSync, which has achieved 3X year-on-year growth in bookings and over 100% net revenue retention.
In Wales, Bipsync is supporting the flourishing tech community through its graduate and trainee schemes. It’s also pledged to raise $4,500 for UK charity Tenovus Cancer Care.
Bipsync’s SaaS research platform provides asset managers with a configurable productivity environment, a flexible and compliant data store for knowledge assets and powerful process management tools.
“This growth investment will enable us to capitalize on the tremendous market opportunity in front of us,” said Danny Donado, founder and CEO of Bipsync.
“Edison Partners and FINTOP immediately aligned with our vision. Beyond the growth capital, they bring a wealth of experience and deep industry knowledge and operating expertise to our business. We’re thrilled to have the leaders in our field on board as we take the next step in our journey.”