OpenGamma

capital market tech

FOUNDING YEAR: 2009
LOCATION: United Kingdom
Last Update: 01/05/2020

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About

Opengamma is a developer of market risk management platform for financial services firms which is designed to optimize their businesses in the evolving OTC markets.

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

Opengamma earns revenue by collecting annual fee from customers.

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.

Traction

VALUATION / MARKET CAP:

$187.5 M in 2015

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:

Accel Partners

FirstMark

ICAP

Japan Exchange Group

NEX Opportunities

KEY EMPLOYEES:

Jonathan Senior (CTO)

Peter Rippon (CEO)

Maxime Jeanniard (COO)

Andrei Ruse (Developer)

Joe Midmore (Chief Commercial Officer)

Momentum

FUNDED

YES

TOTAL FUNDING

$47.45 M

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 M  · Jul 2009

SERIES B  · $6 M  · Jan 2011

SERIES C  · $15 M  · Aug 2012

SERIES D  · $13.3 M  · Oct 2016

SERIES E  · $10 M  · Apr 2019

OTHERS  · $1 M · Jan 2017

DEBT FUNDING

$2.75 M

LISTED

NO

COMMENT

Venture funding: $1 M(Feb 2017). Series D: $13.3 M (Oct 2016). Debt Financing: $2.25 M (Feb 2016).

Innovation Programs

BASICS

FOUNDING YEAR:

2009

LOCATION:

United Kingdom

Views:

271 VISITORS | 577 VIEWS
LATEST FUNDING ROUND

$47.5 M

TOTAL EMPLOYEES
11-50

About

Opengamma is a developer of market risk management platform for financial services firms which is designed to optimize their businesses in the evolving OTC markets.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

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Momentum+
Traction+
People+
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Innovation Programs

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