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FinTech firm OpenGamma gets $1m from Japan Exchange Group

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OpenGamma has received $1m in funding from the Japan Exchange Group (JPX) in return for a minority stake in the business.

The firm, which provides derivatives risk analytics announced a $13.3m Series D round in October last year, has drawn support from investors including Accel Partners and ICAP in the past.

According to a statement, the money will be used to expand company operations.

OpenGamma raises $13.3m in Series D funding

“JPX has an established tradition of leading the charge to provide efficient and innovative management of risk for Japan’s financial and capital markets,” said Peter Rippon, CEO of OpenGamma, adding:

“This track record makes them ideal partners and catalysts for our mission of enabling derivatives users to make smarter trading and clearing decisions.”

The London-based FinTech firm has raised $39.2m in funding since it was founded in 2009.

Takeshi Hirano, executive officer of JPX, spoke about the investment: “We’ve followed OpenGamma’s transformation from an innovator in the development of open source software into an important risk analytics provider for institutional finance.”

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