This deck won OpenFin $17m from Wells Fargo, HSBC, others

ABOUT

OpenFin has developed an operating system that allows teams in global financial institutions to work together in a single, secure, and unified workspace.

The US-based company used this pitch deck to secure series C funding from investors such as Wells Fargo, JP Morgan, and HSBC in 2019.

Other clients and backers in OpenFin’s network include Barclays, Goldman Sachs, and the Royal Bank of Canada.

Fundraising journey

• 2014: US$4 million in a series A round led by Bain Capital Ventures
• 2015: US$3 million in a bridge round co-led by Bain Capital Ventures, Pivot Investment Partners, and Nyca Partners, with participation from 20 senior financial industry executives
• 2017: US$5 million of series B investment from JP Morgan, Nex Group, DRW Venture Capital, Nyca Partners, and Pivot Investment Partners
• May 2019: US$17 million of series C funding from Wells Fargo, Barclays, Bain Capital Ventures, JP Morgan, and Pivot Investment Partners
• December 2019: US$5 million in a series C extension from HSBC
• December 2019: Undisclosed amount of strategic investment from SC Ventures

How is the deck compelling?

• The deck begins with a problem statement along with a clear comparison table of the problems that face operating system innovation.
• It continues by outlining OpenFin’s solution, how it works, and how it has fared since its launch.
• The deck also points out the company’s total addressable market and explains how it plans to use the series C funding.

SOURCE

Deck: AngelMatch