Dan Schleifer, Co Founder and CEO, ChartIQ

ChartIQ, a fintech company delivering software to financial institutions, has recently raised $17.4 million in a series B funding round led by German investor, Digital+ Partners, a growth equity firm that focuses exclusively on investments in B2B technology companies. The other investors joining the funding round were ValueStream ventures, Social Leverage, Illuminate Financial and Social Leverage.

”We have spent seven years creating the world’s best software for business-critical work in finance. Our complete platform helps both the buy- and sell-side work smarter,” said Dan Schleifer, CEO and co-founder of ChartIQ. ”This infusion of new capital will accelerate our ability to help firms build smart, modern and integrated desktops, while maintaining the value of legacy software.”

ChartIQ’s ready-made solutions, built in modern web technology, provide an accelerated path to integration that saves firms time and money. By delivering an HTML5 real-time charting software, ChartIQ enables financial institutions to drive their businesses forward in a bid to make them more profitable. The company’s latest product, Finsemble, is a desktop integration platform that connects disparate applications – modern and legacy – into one unified desktop solution.

”As financial firms undergo a massive digital shift, ChartIQ provides a great opportunity to work more intelligently by providing firms with solutions to build workspaces that are easier to use, more efficient and highly coordinated,” said Patrick Beitel, managing director and founding partner at Digital+ Partners. ”ChartIQ is a mature revenue-producing company and is well-positioned for continued leadership in this expanding market.”

In total, ChartIQ has raised over $20 million in funding since its founding in 2012. The total amount raised will be used by the company to expand its team, headquarters, and research and development.

ChartIQ is headquartered in Virginia,US and currently employs a total of 50 globally. Nine of the largest global investment banks use ChartIQ financial software to work smarter. ChartIQ provides its software to 300 financial services customers globally and across tens of millions of desktops.

by Megha Bhattacharya
Market Analyst at IBS Intelligence
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