Limina, maker of cloud-native Investment Management Solution (IMS) for mid-sized asset managers, said it has raised $3 million Series A funding, led by Nordic venture capital firm Industrifonden.
Limina will invest the fresh capital into scaling its offering, including further product development and strengthening the expert-led services organisation that complements its technology solution.
“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.” ”Ulf Svensson, CEO of Limina
The company said its enterprise SaaS model for asset management IMS has seen great traction from forward-looking asset managers across Europe in the past 18 months, and it has delivered triple-digit growth since 2019.
“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.”Kristoffer Fürst, Founder of Limina