Symphony, a messaging app backed by Wall St, gets $63M at a $1B+ valuation


Symphony, a secure messaging app that counts 15 of the world’s biggest banks among its investors and 200,000 paying customers, has raised a new tranche of funding to fuel its expansion into new markets. Symphony has closed in on $63 million; and according to sources close to the company, the startup is now valued at over $1 billion — confirming our reporting from December.

This new round adds another strategic investor, the French bank BNP Paribas, which led the round and is taking a seat on Symphony’s board. A majority of Symphony’s existing shareholders also participated in the round, the company said. That group includes Google, Lakestar, Natixis, Societe Generale, UBS, and Merus Capital, and a consortium of 14 of the world’s largest investment banks and money…

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