Icap, a UK-based brokerage firm, has led OpenGamma, a financial analytics and risk management company, in a $15m round.
Icap was joined in the Series C financing round on August 8 by Euclid Opportunities, an incubator which is majority-owned by Icap, and venture firms Accel Partners and FirstMark Capital.
OpenGamma, founded in 2009, with offices based in London and New York, has developed a flagship technology product, known as the OpenGamma Platform, which is designed to allow financial services firms to unify the calculation of analytics.
In January 2011, OpenGamma raised $6m in its series B, with FirstMark Capital leading the round and with participation from Accel Partners. The company raised an undisclosed sum in its series A from Accel Partners in August 2009. According to data provider CrunchBase, this round raised $2.15m.
Mark Beeston, chief executive of Post Trade Risk and Information at Icap, who has joined OpenGamma’s…
