California based InvestCloud, a cloud-based solution for global investment advisors, raised $45m in growth equity funding led by FTV Capital. The funding is intended to help enhance the company's state-of-the-art platform and functionality, customer service, and expand the company's global footprint. Today InvestCloud supports over $1.4t in assets.
"InvestCloud has achieved remarkable momentum by building an easily deployable and scalable first-class investment platform for any professional investment manager or financial institution," said John Wise, chairman and CEO of InvestCloud, Inc. "We are excited to be joining forces with FTV Capital, a firm that brings a proven growth equity track record, highly relevant financial services domain expertise and an attractive network of financial services executives -- potentially future InvestCloud customers. We are also excited to leverage our partnership with FTV to expand into Europe as the initial step in achieving our 'global footprint'. We will be opening offices in London and Zurich in 2016."