NorthStar Systems takes a further $18M for wealth management
NorthStar Systems International is a San Francisco, Calif. company that makes wealth management software for the financial services industry.
The $18 million financing wasn’t broken down by investor, but members of three firms did join the company’s board: Ropart Asset Management, TL Ventures and Trinad Capital.
The funding is its fourth. The last round, $11.5 million in 2004, was co-led by Benchmark Capital and HIG Ventures. The company’s other listed venture backer is Chess Ventures, and there are also several large institutional lenders.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.