Huge opportunity: Banking software!
nCino just raised $29 million in growth capital from top venture firm Insight Venture Partners. Only in its third year of operation, banking SaaS firm nCino just announced it’s raised $29 million to help expand its reach and hire about 75 new people. The company recently was named one of FORBES Most Promising Companies for 2015. Led by Insight Venture Partners – the money behind companies like Twitter TWTR -2.69%, SolarWinds SWI -0.74%, Hootsuite Fanatics and Tumblr. – the round included existing investors Wellington Management Company LLP, former Morgan Stanley MS -0.75% Chairman and CEO John Mack, and Promontory Financial Group Founder and CEO Gene Ludwig. Insight managing director, Jeff Horing, will be joining nCino’s board of directors.