Limina secures €2.54 mn to expand investment management solution
By Megha Bhattacharya
Limina, a Stockholm-based startup providing the world’s first and only customizable cloud-native Investment Management Solution (IMS) for mid-sized asset managers, announced the completion of a €2.54 million Series A funding round. The investment was led by Nordic venture capital firm Industrifonden. Existing investors, including STOAF SciTech, Vidici Ventures, Almi Invest and Justin Wheatley, the founder of StatPro, also joined the latest funding round.
Limina Founder Kristoffer Fürst stated: “By blending the benefits of a SaaS model with the flexibility and configurability of an enterprise solution, Limina has met the needs of forward-looking asset managers and delivered a solution that fits the workflows our clients have, as opposed to the client having to fit their workflows around a solution. From the conversations we have with mid-sized asset managers across Europe, we know there is great demand for modernised solutions that can evolve and flex as their businesses grow, and we are intent upon helping them to achieve their investment management goals.”
Limina will invest the fresh capital into scaling its offering, including further product development and strengthening the expert-led services organisation that complements its technology solution.
Ulf Svensson, CEO of Limina, added: “Attracting a large, respected and evergreen investor like Industrifonden, which has been considered an industry leader in both fintech and SaaS investments for many years, is a welcome stamp of approval for Limina and what we have achieved with the business to date.”
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