nCino Raises $80M in Series D

nCino has successfully raised $80M in a Series D at a $1.1B valuation led by T. Rowe Price, Insight Partners.

Company Overview

nCino is a Fintech company headquartered in Wilmington, NC, founded in 2011 with 800+ employees.

Cloud banking platform

Fundraising Details

Amount Raised: $80M
Round Type: Series D
Valuation: $1.1B
Date: 2024-01-06
Investors: T. Rowe Price, Insight Partners

About nCino

Cloud banking platform The company is positioned in the Fintech sector, serving a growing market with innovative solutions.

Key Information

Headquarters: Wilmington, NC
Founded: 2011
Team Size: 800+
Industry: Fintech

What This Means

This funding round demonstrates strong investor confidence in nCino's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Fintech sector continues to attract significant investment as companies innovate to meet evolving market demands. nCino's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $1.1B valuation marks an important milestone for nCino, positioning the company among notable players in the Fintech industry.

Looking Ahead

With this new capital, nCino is well-positioned to execute on its growth strategy and continue building innovative solutions in the Fintech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-01-06. For more information about nCino, visit their headquarters at Wilmington, NC.