Stockholm-based Limina is a fintech startup that offers customisable cloud-native Investment Management Solution (IMS) for mid-sized asset managers. Today, the company has announced that it raised $3M (approx €2.53M) in its Series A round of funding.
The news comes after Limina witnessed growth from its IMS from asset managers across Europe in the past 18 months. The company also reports that it has triple digit growth since 2019, with a steady stream of new client contracts, including Alquity and Lannebo.
Investors in this round
The current round was led by Nordic venture capital firm Industrifonden. In addition, existing investors including STOAF SciTech, Vidici Ventures, Almi Invest and Justin Wheatley, the founder of StatPro, also participated in this round.
Speaking about investor Industrifonden, Ulf Svensson, CEO of Limina, says, “Attracting a large, respected and evergreen investor like Industrifonden, which has been considered an industry leader in both fintech and SaaS investments for many years, is a welcome stamp of approval for Limina and what we have achieved with the business to date. The investment will enable Limina to plan and grow over a long term horizon and allow us to tap into Industrifonden’s extensive experience backing companies that have redefined their industries.”
What services does Limina offer?
Founded in 2014 by Kristoffer Fürst, Andreas Fürst, and Sebastian Walleby, Limina is a modern investment management solutions provider. It offers hedge funds with an automated front-to-mid-office system, with order management, portfolio management, compliance, and risk management workflows in a single solution.
The company’s technology is complemented by smart human delivery, with its buy-side clients shaping workflow solutions together. Limina’s experts share and apply their community knowledge to provide transformation and growth based on individual client needs.
Kristoffer Fürst, Founder of Limina, explains, “By blending the benefits of a SaaS model with the flexibility and configurability of an enterprise solution, Limina has met the needs of forward-looking asset managers and delivered a solution that fits the workflows our clients have, as opposed to the client having to fit their workflows around a solution. From the conversations we have with mid-sized asset managers across Europe, we know there is great demand for modernised solutions that can evolve and flex as their businesses grow, and we are intent upon helping them to achieve their investment management goals.”
The proceeds from this round will enable Limina to scale its offering, including further product development as well as strengthening its expert-led services organisation for its technology solution.