Global Atlantic was among the investors in a round that likely doubled the overall funding raised by the financial app development platform.
US-based capital markets software developer Beacon Platform has completed a $20m series B round that included insurance provider Global Atlantic.
Growth equity firm Centana Growth Partners led the round, which also featured investment manager Pimco.
Beacon has built a cloud-based application development platform designed for use in the capital markets sector, enabling banks, insurers, asset managers and commodity traders to create, test and launch applications covering areas like risk management or analytics.
The funding has been allocated to product development…
