Google, SocGen and UBS Join List of Symphony Investors
Messaging service raises over $100 million in latest round of financing.
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Symphony Communication Services, the Palo Alto, Calif.-based messaging service provider, announced it has raised more than $100 million in its latest round of funding.
Google, venture capital firm Lakestar, Paris-based asset manager Natixis, Societe Generale and UBS are the newest investors to back the messaging service. Some of the existing investors also participated in the most recent round of funding.
The infusion of capital will be spent on addressing demands for the product and speeding up expansion of Symphony’s global operations.
Last week The Wall Street Journal reported on Google’s interest in investing in Symphony. The story reported Google valued Symphony at roughly $660 million.
Symphony’s entire roster of investors is a who’s who of some of the biggest firms on Wall Street. Bank of America Merrill Lynch, BlackRock, BNY Mellon, Citadel, Citi, Credit Suisse, Deutsche Bank, Google, Goldman Sachs, HSBC, JPMorgan, Jefferies, Lakestar, Maverick, Merus Capital, Morgan Stanley, Natixis, Nomura, Societe Generale, UBS and Wells Fargo have all invested in the platform.
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