• FOUNDING YEAR: 2009
    LOCATION:
    United Kingdom
    REGION:
    England
    Last Update:
    25 Nov, 2019

Description

FOCUS

PRODUCTS & SERVICES:
OpenGamma helps financial services industry by providing an open-source platform called Strata which enables derivatives risk management and analytics solutions specifically for the use in the derivatives OTC markets. The company refers to its solutions as "Risk as a Service" that encompasses ETD & OTC margin calculations, bilateral OTC margining, and derivatives MTM & Greeks calculation. It allows users to use Strata and create customize solutions for their analytics platform.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Financial Services companies
EXISTING PARTNERSHIPS:
Activ Financial, Catena Technologies, ReformIS, Risk Focus, Riskcare, Cloudsoft, MathWorks, QuantCell, CloudMargin
COMMENT
The company is planning to offer a cost-effective and nimble alternative to legacy, enterprise-wide platforms by using an innovative range of software-as-a-service (SaaS) solutions based on an open source library of standardized derivatives pricing and risk models.

PEOPLE

FOUNDERS:
Kirk Wylie
Board Members and Advisors:
Lawrence Lenihan, Mas Nakachi, Bruce Golden, Steve Gibson, Cristobal Conde, Mark Beeston
NUMBER OF EMPLOYEES:
11-50
INVESTORS:
Japan Exchange Group, Accel Partners, NEX Opportunities, ICAP, FirstMark
KEY EMPLOYEES:
Jonathan Senior (CTO), Peter Rippon (CEO), Maxime Jeanniard (COO), Andrei Ruse (Developer), Joe Midmore (Chief Commercial Officer)

TRACTION

VALUATION / MARKET CAP:
$187.5 MM in 2015

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$47.45 Millions
DATE OF LAST FUNDING:
Feb 2017
TOTAL FUNDING COMMENT:
The company will use the funds to address the increasing demand from financial institutions for more efficient use of capital and technology resources. (Feb. 2017)
FUNDING SERIES:
SERIES A
$2.15 Millions Closed: Aug 2009
SERIES B
$6 Millions Closed: Jan 2011
SERIES C
$15 Million Closed: Aug 2012
SERIES D
$13.3 Millions Closed: Oct 2016
SERIES E
$10 Million Closed: Apr 2019
Others
$1 Million Closed: Feb 2017
DEBT FUNDING:
$2.75 Millions
LISTED:
NO
COMMENT:
Venture funding: $1 M(Feb 2017). Series D: $13.3 M (Oct 2016). Debt Financing: $2.25 M (Feb 2016).

LATEST RESEARCH