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Announced

Completed

Tiger Global Management led a $200m funding round in Genesis.

Financials

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Transaction Value£147m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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FinTech

Completed

Minority

Private

Domestic

Friendly

Acquisition

Venture Capital

United States

Single Bidder

financial technology platform

Private Equity

Synopsis

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Tiger Global Management led a $200m funding round in Genesis, the application development platform purpose-built for financial markets organizations, with participation from Accel, GV, Illuminate Financial, Insight Partners, Salesforce Ventures and Tribeca. The funding will be used to expand the Genesis platform, developer community and the company's "buy-to-build" model. This innovative model increases operational efficiency and empowers global IT teams by providing them with a platform that helps them streamline and accelerate development of software applications, systems integrations, and customization of third-party technology solutions.

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