Clal Insurance and SCB Digital Ventures returned to help provide series C funding for the asset management software provider, having backed its series B last year.

Israel-based asset management software provider Pagaya has secured $25m in a series C round featuring insurance firm Clal and SCB Digital Ventures, the strategic investment arm of financial services firm Siam Commercial Bank.

The round was led by growth equity fund Oak HC/FT and included venture capital firm Viola Ventures, family office GF Investments and Harvey Golub, a former chairman and chief executive of payment services firm American Express.

Pagaya has built a technology platform called Pagaya Pulse which utilises…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.