Deals
Fintech Firm Enfusion Raises Funds at $1.5 Billion Valuation
- Iconiq invests $150 million asset management software firm
- Chief executive open to initial public offering at some point
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Enfusion LLC, a startup that specializes in software for asset managers, has raised financing at a $1.5 billion valuation, the company announced Monday.
Iconiq Growth -- an affiliate of Iconiq Capital -- has invested $150 million for a minority stake in the business, according to a statement. Existing investors include FTV Capital and Hillhouse Capital.