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IPO Market : nCino files for IPO

Jun 22, 2020

IPO Market : nCino files for IPOd

Business : There's more news showing the IPO market is picking up. North Carolina-based nCino, a heavily funded startup that has developed a cloud-based operating system for financial institutions, filed for an initial public offering.

IPO Market : nCino files for IPO

Its IPO filing reveals sharply growing revenue paired with moderate, modestly increasing losses.

More News :

New York-based Cedar, developer of a financial engagement platform for hospitals, health systems and medical groups, secured more than $102 million in a new equity and debt funding round.

Business : There's more news showing the IPO market is picking up. North Carolina-based nCino, a heavily funded startup that has developed a cloud-based operating system for financial institutions, filed for an initial public offering.

The Series C financing includes $77 million in venture capital, with Andreessen Horowitz as lead investor, along with $25 million in debt funding from JP Morgan.

The London-based startup, formerly known as LiveStyled, closed on a Series A funding round of $7.2 million led by Virgo Investment Group. With the emergence of COVID-19, the company also recently created a new functionality aimed at reducing queues at entries and exits, as well as contactless ordering.

IPO Market : nCino files for IPO

JP Morgan nCino New York

Piyush Verma

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