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Based in Chicago, Illinois, Firm58 provides web-based financial management software that automates middle- and back-office processes for capital markets firms. The company operates a software-as-a-service platform designed to handle complex post-trade tasks such as billing, profitability reporting, client commission agreements, and soft dollar programs. Utilizing a subscription-based pricing model tied directly to transaction volume, the platform serves North American broker-dealers, trading firms, and execution venues including exchanges, alternative trading systems, and dark pools. The enterprise has raised approximately $19.2 million in total funding from institutional backers, with recognizable lead investors including North Bridge Venture Partners and New World Ventures. To further guide its strategic direction amid growing trade processing activity, the organization appointed financial industry executive Mike Plunkett to its board of directors. Firm58 was founded in 2005 by Sam Mele and Jim Mullen.
Firm58 has raised $7.0M across 1 funding round.
Firm58 has raised $7.0M in total across 1 funding round.
Firm58 has raised $7.0M in total across 1 funding round.
Firm58's investors include New World Ventures, North Bridge Venture Partners.
Firm58 has raised $7.0M across 1 funding round. Most recently, it raised $7.0M Series C in June 2010.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 3, 2010 | $7M Series C | NEW World Ventures, North Bridge | — | Announced |
