Symphony previously raised a total of $66 million from a consortium of 15 leading financial institutions.
Creating a reliable and compatible communication service to help users interact more effectively, Symphony will use the new capital to address the exponential demand it has received in the months leading up to its launch and to accelerate the expansion of its global operations.
"This funding is a vote of confidence in Symphony's value proposition and the benefits for enterprise users," said David Gurle, founder and CEO of Symphony. "We are taking a significant leap toward a more secure and productive method of communication for individuals, teams, and businesses. We are excited to have the support of our existing and new investors to solidify our market leadership.".
Following Symphony's recent public launch in September, this investment marks an exceptional year for the company, which saw its customer list grow rapidly, user adoption increase, meetings with key executives, and a boost in strategic partnerships.
"We are very pleased with the impressive growth in Symphony's customer base," commented Klaus Hommels, partner at Lakestar. "Symphony's unique, secure, and compliant workflow platform has enormous potential to transform the industry, which is why we are making this investment.".
“The Symphony team is revolutionizing the way the business world communicates,” said Salman Ullah, co-founder and CEO of Merus Capital. “Symphony has received tremendous interest from across industries eager to make communications simpler and more secure. As early investors, we are pleased to increase our stake in this round to support Symphony’s next stage of growth.” “
Symphony is a true innovator in the industry, and we are delighted to support its development and actively contribute to building the Symphony community,” said Olivier Perquel, Member of the Senior Management Committee, Global Markets and Funding at Natixis.
Symphony’s list of new and existing investors includes: Bank of America Merrill Lynch, BlackRock, BNY Mellon, Citadel, Citi, Credit Suisse, Deutsche Bank, Google, Goldman Sachs, HSBC, JP Morgan, Jefferies, Lakestar, Maverick, Merus Capital, Morgan Stanley, Natixis, Nomura, Societe Generale, UBS, and Wells Fargo.
