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- Beacon Platform
Beacon Platform Acquisition, Valuation, Funding & Investors
Beacon Platform was acquired by Clearwater Analytics for $560M in March 2025, a 12.7x multiple on $44M of revenue.
Beacon Platform revenue at acquisition
$44M
Last twelve months · Mar 2025
Beacon Platform revenue multiple at acquisition
12.7x
EV/Revenue · Mar 2025
Cumulative funding Beacon Platform raised
$39M
across 3 funding rounds
About Beacon Platform
Beacon Platform is a cloud-native development platform for capital markets, enabling quantitative analysts to build, test, and deploy trading, risk management, and analytics applications. New York-headquartered since 2014, the firm maintains offices in the United States, Germany, the United Kingdom, and Canada. Beacon provides cross-asset data models, financial toolkits, and transparent codebases supporting front-to-back office workflows.
Founded
2014
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Subscription
Revenue
$44M (Mar 2025)
Valuation
$560M (acquired Mar 2025)
Beacon Platform Acquisition
Beacon Platform was acquired by Clearwater Analytics for $560M on 12 March 2025.
The acquisition price implies a 12.7x revenue multiple on $44M of revenue.
Before the acquisition Beacon Platform had raised $39M across 3 funding rounds.
Clearwater Analytics (NYSE: CWAN), a Boise, Idaho-based SaaS provider of comprehensive investment management technology platforms focused on accounting, middle- and back-office solutions, completed its acquisition of Beacon Platform Inc., a New York-headquartered provider of enterprise risk analytics, cross-asset class modeling, and developer infrastructure, for approximately $560 million in March 2025, with finalization around April 30 to May 1, 2025. Beacon specializes in real-time analytics, scenario modeling, and custom development for complex portfolios including derivatives, private credit, debt, structured products, and alternative assets, serving sophisticated clients like PIMCO, Blackstone, hedge funds, energy, and commodities traders; it generated $44 million in annual recurring revenue as of end-2024. The deal structure included 60% cash payment and 40% in Clearwater Class A common stock valued at $30.05 per share, part of a broader $685 million package also acquiring Blackstone’s Bistro portfolio visualization platform for $125 million ($10 million cash). The strategic rationale centers on integrating Beacon’s front-office risk modeling with Clearwater’s existing capabilities and those from the concurrent $1.5 billion Enfusion acquisition (front-office trading and international expansion) and Bistro (alternative asset intelligence), creating a unified, cloud-native, single-instance multi-tenant platform spanning the full investment lifecycle from trading and modeling to accounting and regulatory reporting. This eliminates front-, middle-, and back-office silos, addresses legacy system inefficiencies, manual processes, and data fragmentation for institutional investors in public and private markets, enabling real-time insights, transparency, scale, faster decision-making, portfolio construction, risk management, and stress testing. Funding draws from an $800 million term loan B, cash on hand, and $200 million revolving credit line.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 12 Mar 2025 | Strategic M&A | $560M | 12.7x |
Beacon Platform Funding History
Beacon Platform has raised a total of $39M across 3 funding rounds.
Beacon Platform's first fundraising round was a $2M seed round in March 2016. The most recent completed round was a $20M Series B in January 2020.
Beacon Platform funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jan 2020 | Series B | Centana Growth Partners (lead); PIMCO Income Strategy; Global Atlantic | $20M | Beacon Platform Inc. is a New York-based vendor of cloud-based enterprise technology and capital markets software solutions, offering banks, asset managers, insurers, and commodity trading firms pre-built applications and tools for analyzing data, improving operations, and ensuring regulatory compliance. The platform was founded by industry veterans who previously worked on SecDB at Goldman Sachs, Athena at JP Morgan, and Quartz at Bank of America Merrill Lynch, giving the company deep expertise in building enterprise-scale trading and risk management systems. On January 23, 2020, Beacon closed a $20 million Series B funding round led by Centana Growth Partners, with participation from existing investors PIMCO and Global Atlantic. The company planned to use the new capital to expand operations and product development. At the time of the Series B, Beacon had grown its user base by 150% over the preceding 12 months and expanded its global client base to include Commonwealth Bank of Australia, Shell New Energies, and SMBC Capital Markets, Inc. |
| May 2018 | Strategic investment | PIMCO Income Strategy (lead) | $17M | Beacon Platform Incorporated is a financial technology company specializing in cloud-based, end-to-end development and production platforms for investment firms. The platform enables institutional investors to build proprietary analytical models and tools in controlled environments connected to market and enterprise data, with features including dependency graph architecture for quantitative research and portfolio analytics. In May 2018, PIMCO, a leading global investment manager, announced a strategic partnership with Beacon, acquiring a minority stake and licensing the platform to integrate with PIMCO's valuation models, risk analytics, and technology infrastructure. The partnership was designed to support PIMCO's 240 portfolio managers globally with faster and more efficient access to proprietary risk analytics and quantitative research. By the end of 2024, Beacon demonstrated significant scale with approximately $44 million in annual recurring revenue, reflecting market acceptance as a leading risk and modeling platform for institutional investors. In 2025, Clearwater Analytics announced its acquisition of Beacon for approximately $560 million in an all-stock and cash transaction, combining the platform with Blackstone's Bistro and Enfusion to create an integrated front-to-back investment management technology solution. |
| Mar 2016 | Seed | - | $2M | - |
Who has invested in Beacon Platform?
3 investors have backed Beacon Platform across its funding rounds, including PIMCO Income Strategy, Centana Growth Partners and Global Atlantic.
Lead investors include Centana Growth Partners and PIMCO Income Strategy.
Beacon Platform Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | May 2018 | ||
This data is available for Pro users. Sign up to see all 3 Beacon Platform investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialBeacon Platform Competitors
Beacon Platform competitors include listed companies like FINEOS and Client Service International, and private ones like Hawk, Form3, Pontera and Sure.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $560M | - | ||
| Private | - | - | $570M | - | ||
| Private | - | - | $550M | - | ||
| Private | - | - | $550M | - | ||
| Publicly listed | $159M | $35M | $550M | 3.0x | ||
| Publicly listed | $88M | ($46M) | $544M | - |
Beacon Platform Public Comps
Beacon Platform is no longer listed, but its public comps include FINEOS, Client Service International, AMTD Digital, Brilliance Technology, JinXianDai Information, Linkage Software, Abaxx Technologies, Alfa Financial Software, Hightech Payment Systems and Shanghai Amarsoft.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $159M | $35M | 3.2x | 3.0x | 14.5x | 12.4x | |||
| $88M | ($46M) | 7.5x | - | (14.3x) | - | |||
| $59M | $18M | 19.5x | - | 62.9x | - | |||
| $160M | $2M | 3.5x | 2.5x | 364.9x | 61.5x | |||
| $46M | ($10M) | 10.1x | - | (47.7x) | - | |||
| $157M | $24M | 2.7x | 4.2x | 17.7x | 14.2x | |||
| $749K | ($28M) | 600.9x | 136.9x | (16.1x) | (10.0x) | |||
| $170M | $58M | 3.5x | 3.4x | 10.3x | 10.4x | |||
This data is available for Pro users. Sign up to see all Beacon Platform competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Beacon Platform
| When was Beacon Platform founded? | Beacon Platform was founded in 2014. |
| Where is Beacon Platform headquartered? | Beacon Platform is headquartered in New York City, NY, United States. |
| Is Beacon Platform publicly listed? | No, Beacon Platform was acquired by Clearwater Analytics in March 2025. |
| Who acquired Beacon Platform? | Beacon Platform was acquired by Clearwater Analytics in March 2025. |
| How much was Beacon Platform acquired for? | Beacon Platform was acquired for $560M in March 2025, a 12.7x revenue multiple. |
| How much funding has Beacon Platform raised? | Beacon Platform has raised $39M across 3 funding rounds. |
| What was Beacon Platform's last funding round? | Beacon Platform's last funding round was a $20M Series B in January 2020, led by Centana Growth Partners. |
| Who are Beacon Platform's investors? | Beacon Platform's investors include PIMCO Income Strategy, Global Atlantic and Centana Growth Partners. |
| Which companies are comparable to Beacon Platform? | Companies comparable to Beacon Platform include Hawk, Form3, Pontera, Sure, FINEOS and Client Service International. |
See companies similar to Beacon Platform
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