Symphony, a messaging app thats been a hit with Wall Street, raises $165M at a $1.4B valuation

Slack’s rapid rise and upcoming IPO are clear signs of the ripe opportunity to be had in the field of enterprise messaging. Today, a startup that’s built a messaging product specifically for the financial services vertical is also proving that out. Symphony, which offers secure messaging and other collaboration tools for bankers and those who work with them, is today announcing that it has raised $165 million. With this round, Symphony’s valuation now tops $1.4 billion. The funding comes from Standard Chartered and MUFG Innovation Partners (a division of Mitsubishi that makes fintech investments), and also included other (unnamed) current and new investors. Symphony has now raised a very hefty $460 million, with previous backers including Google, Lakestar, Natixis, Societe Generale, UBS, …

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Micah Rosenbloom Original Article : HERE ; This post was curated & posted using : RealSpecific