Deals

Elsen Raises $2.4M in Funding
Date: 
Monday, December 4, 2017
Location: 
Boston
Categories: 
B2B
Big Data & Analytics
FinTech & Payments
Deal Type: 
Funding

Elsen, the Platform-as-a-Service company for large financial institutions, today announced that it has raised $2.4 million in a seed extension round led by Hyperplane Venture Capital with participation from Accomplice, Launch Capital and hand-picked angel investors from the startup and financial community. As part of the investment, Hyperplane managing partner, Jack Klinck, who previously spent nearly two decades in executive roles at State Street and BNY Mellon, will join the company’s board of directors as Chairman. 

This investment brings Elsen’s total funding to $2.9 million since the company’s inception in 2014. The funds will be used to bolster sales and marketing, expand Elsen’s engineering team, extend support services for existing customers, and integrate more premium financial data into its platform-as-a-service... READ MORE