Banc of California Archives - Crunchbase News /tag/banc-of-california/ Data-driven reporting on private markets, startups, founders, and investors Thu, 13 Feb 2020 15:30:50 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.5 /wp-content/uploads/cb_news_favicon-150x150.png Banc of California Archives - Crunchbase News /tag/banc-of-california/ 32 32 Irish Fintech Startup Fenergo Raises $80M /venture/irish-fintech-startup-fenergo-raises-80m/ Wed, 12 Feb 2020 16:26:55 +0000 http://news.crunchbase.com/?p=25344 Irish fintech startup has raised $80 million in a new funding round, the company announced Wednesday.

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The fresh cash brings Fenergo to about an $800 million valuation, according to the Irish Times. and led the round for the company, which was founded in 2009 and is based in Dublin.

Fenergo makes “lifecycle management software” and handles compliance for banks and other financial institutions. It last raised nearly in an investment from DXC Technology in July 2019, according to Crunchbase. Now, the company has nearly $155 million in total funding.

“We are delighted to join ABN AMRO Ventures and DXC Technology’s investment portfolio. Their pedigrees, deep experience and industry knowledge make them both ideal investment partners for Fenergo,” CEO Marc Murphy said in a statement. “ABN AMRO joins on our list of clients that are also investors. Ultimately, we only exist to serve the needs of our customers. Our goal is to ensure they can digitally transform, be regulatory assured and able to deliver award-winning customer experiences.”

ABN AMRO Ventures and DXC Technology join firms like andas investors.

The new funding will be used for more “product enhancement” and potentially for acquisitions of businesses that fit into Fenergo’s strategy.

Fenergo clients include , Royal Bank of Canada and k. The company grew its revenue by 21 percent in 2019, according to a statement.

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