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Bison announces new round of investment for private markets software product suite, CobaltBOSTON, Jan. 8, 2017 /PRNewswire/ -- Bison, a fintech company focused on developing innovative software solutions for the private markets, has closed a funding round led by FINTOP Capital. Also participating are Bison's existing investors, Hamilton Lane (NASDAQ: HLNE), a global private markets asset management firm, and GrandBanks Capital, a Boston-based VC firm. Along with the investment, Bison also announced Rick Kushel, General Partner of FINTOP, has joined Bison's Board of Directors. The funding comes a little more than a year after the successful launch of Cobalt LP and Cobalt GP, a suite of business intelligence software products built by Bison for private fund managers and investors. Cobalt addresses a growing need in the private markets for real-time portfolio analysis, data visualization, benchmarking and automated reporting. Fund managers and institutional investors have adopted Cobalt to help optimize their workflows, replace Excel as their go-to solution and ultimately deliver more robust analytics and sharper insights. Bison plans to use the recent investment to further develop the Cobalt product line as well as expand global sales and distribution channels. Cobalt LP is distributed by Hamilton Lane, while Cobalt GP is distributed by Bison. "Bison's technology is powerful and clearly primed to take our global market by storm," said Rick Kushel, General Partner of FINTOP. "Cobalt meets needs that are currently underserved in today's market, and we believe Bison is uniquely positioned to lead the way increating innovative technology solutions to solve the ever-increasing need for analysis, collaboration and reporting." "The adoption of the Cobalt products in the first year was beyond our expectations," said Rasmus Goksor, CEO, Co-Founder of Bison and Product Visionary for Cobalt. "We're seeing the demand continue to build as we learn more and meet the needs of investors and managers in this market. We're excited to add headcount to Bison's team, expand our reach into new markets and bring technology innovation to the private markets." "We are thrilled to welcome Rick to the Board," said Erik Hirsch, Vice Chairman and Head of Strategic Initiatives at Hamilton Lane, and Chairman of the Board of Bison. "We believe the private markets are ripe for technological disruption, and Cobalt can help facilitate that charge. Rick and FINTOP bring invaluable experience to the table and will be great partners as Bison enters this phase of growth with the Cobalt suite of products." About Bison About FINTOP Capital About Hamilton Lane Press contact: [email protected] View original content with multimedia:http://www.prnewswire.com/news-releases/bison-announces-new-round-of-investment-for-private-markets-software-product-suite-cobalt-300578726.html SOURCE Bison |