WILMINGTON, N.C.--(BUSINESS WIRE)--nCino, the leader in secure, cloud-based operating solutions to the financial services industry, today announced an expansion of its Series B financing with an additional investment from Salesforce Ventures.
This second closing for the Series B financing follows the first closing announced Feb. 24, 2015. Salesforce Ventures joins the round, which was led by Insight Venture Partners and also included investors Wellington Management Company LLP, former Morgan Stanley Chairman and CEO John Mack and Promontory Financial Group Founder and CEO Gene Ludwig.
“As the world-class platform on which our Bank Operating System is built, nCino has been a proud partner with Salesforce since our inception,” said Pierre Naudé, CEO, nCino. “We are excited they have joined our other strategic investors in the Series B financing and look forward to continuing our great relationship with the Salesforce team.”
As previously stated by nCino, the proceeds from this round of funding will support the company’s continued growth and allow it to further expand operations domestically; accelerate product innovation; further engage with large, enterprise banks; and grow its team.
nCino is the leader in cloud-based operating solutions for the financial services industry. Through its Bank Operating System, nCino leverages the power and security of the Salesforce platform to deliver a complete banking solution. Dedicated to transforming financial services through innovation, reputation and speed, nCino’s technology enables financial institutions of all sizes to expand market share, adapt to meet regulatory compliance, drive profitability and optimize operational transparency. Founded in 2012, nCino is headquartered in Wilmington, N.C. For more information, visit www.ncino.com or follow us on Twitter: @nCino.
About Salesforce Ventures
Salesforce Ventures—Salesforce’s corporate investment group—invests in the next generation of enterprise technology to help companies connect with their customers in entirely new ways. Portfolio companies receive funding as well as access to the world’s largest cloud ecosystem and the guidance of Salesforce’s innovators and executives. With Salesforce Ventures, portfolio companies can also leverage the expertise of the Salesforce Foundation to incorporate its 1-1-1 model of integrated philanthropy to make giving back part of their business model. Salesforce has invested in more than 100 enterprise cloud startups since 2009.