Goldman Sachs' digital wealth management spinoff has six other banks as backers and has reached a WestCap-led first close of its series B round.

Simon Markets, a US-based wealth management technology developer spun off by investment banking firm Goldman Sachs, has completed the first tranche of a $100m series B round.

The company has not disclosed how much it has raised for the round so far, but growth equity firm WestCap has led the first close, participating alongside unnamed existing investors.

Although the existing backers were not formally revealed, Simon was jointly owned by Goldman Sachs and financial services firms Barclays, Credit Suisse, HSBC,…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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