Genesis Global Funding, Investors & Competitors

Genesis Global has raised $270M across 5 funding rounds, most recently a $20M undisclosed-stage round in July 2022.

Last Genesis Global funding round

$20M

Undisclosed stage · Jul 2022

Cumulative funding Genesis Global raised

$270M

across 5 funding rounds

Key investors in Genesis Global

Genesis Global Overview

About Genesis Global

Genesis Global is a Miami-headquartered software platform provider empowering financial institutions with low-latency application development tools. Backed by Bank of America, BNY Mellon, and Citi, it offers frameworks, integrations, and prepackaged solutions for capital markets trading, risk management, and compliance systems. The company maintains offices in New York, Charlotte, London, Leeds, São Paulo, Dublin, and Bengaluru to serve global banks and asset managers.


Founded

2015

HQ

United StatesMiami, FL

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Genesis Global Funding History

Genesis Global has raised a total of $270M across 5 funding rounds.

Genesis Global's first fundraising round was a $3M Series A in November 2018. The most recent completed round was a $20M undisclosed-stage round in July 2022.

Genesis Global funding rounds

Genesis Global funding rounds
DateStageInvestorsRaisedDeal Summary
Jul 2022Undisclosed stageSalesforce Ventures; BNY Mellon; Citigroup; Bank of America$20MGenesis Global is a fintech company providing technology and expertise for financial institutions to build high-performance, resilient, and secure applications, with offices in London, New York, Dublin, and Bengaluru. The company launched in 2015, raised Series A funding of £3m in 2019 and additional $1.8m in 2020, Series B of $45m in 2021, and Series C of $200m earlier in 2022 per company site, followed by a Series C-II extension of $20M on July 27, 2022 led by Bank of America, BNY Mellon, Citi, and Salesforce Ventures, bringing total funding to $269.8M across 8 rounds. Investors included 16 total backers.
Feb 2022Series CSalesforce Ventures; GV; Tribeca Early Stage Partners; Illuminate Financial; Insight Partners; Accel$200MGenesis Global is a low-code/no-code application development platform purpose-built for financial markets organizations, enabling financial institutions to accelerate technology roadmaps, build new applications, enhance legacy systems, and adopt a buy-to-build model for IT transformation. Founded in 2012 by CEO Stephen Murphy and James Harrison, the company serves major clients including Citi, B3, ING, Bank of Montreal, and London Clearinghouse, with 50 customers and thousands of developers using the platform as of early 2022. It operates globally with offices in Miami, New York, Charlotte, London, Leeds, São Paulo, and Dublin, and grew from 50 employees at the end of 2021 to over 200 by February 2022. On February 16, 2022, Genesis announced a $200 million Series C funding round led by Tiger Global Management, with participation from Accel, GV (formerly Google Ventures), Illuminate Financial, Insight Partners, Salesforce Ventures, and Tribeca Early Stage Partners. This followed a $45 million Series B in spring 2021 and less than $5 million in prior bootstrapped funding. The executive team declined to disclose the valuation or specific revenue figures but noted that recurring revenue nearly tripled in under nine months leading up to the round. The company reported tripling its business size, revenue, and headcount in 2021, with continued growth into 2022 driven by client adoption of the buy-to-build model. Proceeds from the Series C are earmarked for expanding the platform and developer community, enhancing go-to-market strategies, and further hiring to capitalize on the low-code market projected to reach $21 billion by 2022. Investors highlighted Genesis's role in addressing complex, regulated financial markets through next-generation low-code solutions amid rising demand from large institutions facing competitive pressures and regulatory oversight. Subsequent developments include a $20 million strategic investment in July 2022 from Bank of America, BNY Mellon, and Citi to support ongoing IT innovation projects.
Mar 2021Series BAccel (lead); Salesforce Ventures; GV; Citigroup; Tribeca Early Stage Partners; Illuminate Financial; Ameet Patel$45MGenesis Global is a low-code/no-code application platform tailored for financial services, enabling non-technical users to build tools for real-time risk monitoring, high-frequency trading management, compliance, and complex event processing. Prior to the March 2021 Series B, the company had raised less than $5 million and bootstrapped for nearly nine years, focusing primarily on financial markets. The $45 million round, announced on March 15, 2021, was led by Accel with participation from GV (Google Ventures), Salesforce Ventures, Illuminate Financial, Citi, Tribeca Early Stage Partners, and angel investor Ameet Patel. Funds were earmarked to accelerate growth, expand the platform to adjacent verticals like healthcare and manufacturing facing similar regulatory and risk challenges, and enhance features for hyper-scaling. The company remained focused on financial services through 2021 while fielding inbound interest from other sectors. By early 2022, Genesis raised a follow-on $200 million Series C led by Tiger Global, nearly tripling recurring revenue in under nine months post-Series B, though exact figures remained undisclosed. Employee count grew from 50 at end-2021 to over 200 by February 2022, operating globally without a single headquarters and basing leadership primarily in the U.S.
Dec 2019SeedIlluminate Financial (lead); Tribeca Early Stage Partners (lead)$2M-
Nov 2018Series AIlluminate Financial (lead); Tribeca Early Stage Partners (lead)$3M-

Who has invested in Genesis Global?

10 investors have backed Genesis Global across its funding rounds, including Illuminate Financial, Tribeca Early Stage Partners, Salesforce Ventures, Accel, GV and Citigroup.

Lead investors include Accel, Illuminate Financial and Tribeca Early Stage Partners.


Genesis Global Investors

Investors in Genesis Global by funding rounds participated
InvestorHQRoundsRoleFirst check
Tribeca Early Stage PartnersUnited StatesNew York City, NY4LeadNov 2018
Illuminate FinancialUnited KingdomLondon4LeadNov 2018
Salesforce VenturesUnited StatesSan Francisco, CA3ParticipantMar 2021
GVUnited StatesSan Francisco, CA2ParticipantMar 2021
CitigroupUnited StatesSan Antonio, TX2ParticipantMar 2021
AccelUnited StatesPalo Alto, CA2LeadMar 2021
BNY MellonUnited StatesUnited States1ParticipantJul 2022
Bank of AmericaUnited StatesCharlotte, NC1ParticipantJul 2022

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Genesis Global Competitors

Genesis Global competitors include listed companies like Constellation Software, SS&C Technologies, Topicus and Intapp, and private ones like Ant Group and Rippling.

Public and private companies comparable to Genesis Global
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Constellation SoftwareCanadaCanadaPublicly listed$12B$2.5B$43B3.5x
SS&C TechnologiesUnited StatesUnited StatesPublicly listed$6.3B$2.1B$19B3.9x
TopicusNetherlandsNetherlandsPublicly listed$1.8B$393M$5.4B3.0x
IntappUnited StatesUnited StatesPublicly listed$578M($16M)$2.8B4.5x
Ant GroupChinaHangzhouPrivate$25B-$79B3.2x
RipplingUnited StatesSan Francisco, CAPrivate$570M-$17B29.5x

Genesis Global Public Comps

Genesis Global is still privately-owned, but its public comps include S&P Global, Moody's, Constellation Software, Fiserv, Verisk Analytics, HiThink, Fair Isaac, SS&C Technologies, Fidelity Information Services and Broadridge.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
S&P Global$15B$7.7B8.9x9.1x17.6x17.3x
Moody's$7.7B$3.8B11.2x10.6x22.5x20.1x
Constellation Software$12B$2.5B4.0x3.5x18.5x12.9x
Fiserv$21B$8.9B2.5x2.8x6.1x6.4x
Verisk Analytics$3.1B$1.7B8.8x8.5x16.2x15.1x
HiThink$899M$530M23.0x18.9x39.1x31.2x
Fair Isaac$2B$951M13.2x10.4x27.6x17.1x
SS&C Technologies$6.3B$2.1B4.2x3.9x12.4x10.0x

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Common questions about Genesis Global

When was Genesis Global founded?Genesis Global was founded in 2015.
Where is Genesis Global headquartered?Genesis Global is headquartered in Miami, FL, United States.
Is Genesis Global publicly listed?No, Genesis Global is a private, VC-backed company.
How much funding has Genesis Global raised?Genesis Global has raised $270M across 5 funding rounds.
What was Genesis Global's last funding round?Genesis Global's last funding round was a $20M undisclosed-stage round in July 2022.
Who are Genesis Global's investors?Genesis Global's investors include Tribeca Early Stage Partners, Illuminate Financial, Salesforce Ventures, GV, Citigroup, Accel, BNY Mellon, Bank of America, Insight Partners and Ameet Patel.
Which companies are comparable to Genesis Global?Companies comparable to Genesis Global include Constellation Software, SS&C Technologies, Topicus, Intapp, Ant Group and Rippling.

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