Luma Financial Technologies (“Luma”), a global leader in structured products and insurance solutions, announced today that it has closed a $63 million Series C financing led by Sixth Street Growth, the growth investing business of leading global investment firm Sixth Street. Existing strategic investors including Bank of America, Morgan Stanley, UBS, and TD Bank Group participated in the round.
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The additional capital will enable the acceleration of Luma’s expansion across key markets, deepen its investment in product innovation, and further enhance its global client support capabilities. Already on a strong growth trajectory, the funding will allow Luma to scale its impact while preserving the leadership and strategic direction that have guided its success. Additionally, Alex Goodman, Principal at Sixth Street Growth, will join the firm’s Board of Directors.
“This investment is a testament to the confidence our partners have in the value Luma brings to the market and the strength of the foundation we’ve built,” said Tim Bonacci, CEO of Luma Financial Technologies. “We’ve experienced significant growth by staying focused on delivering value to our clients, and this new capital will accelerate that trajectory by deepening our presence in key markets and continuing to innovate — all while staying true to the principles that have driven our success.”
“We believe an objective, end-to-end platform, like the one Luma has built, provides a critical piece of infrastructure to support the rapid adoption of new products in the broader wealth management channel,” said Michael McGinn, Partner at Sixth Street and Co-Head of Sixth Street Growth. “We are excited to partner with Tim and the Luma team to support their vision of broadening the platform’s product offering and expanding its reach globally.”
As demand for alternatives continues to grow, Luma remains at the forefront of empowering firms with the tools to adapt and excel. Building on its established momentum, this next phase of growth will accelerate Luma’s ability to drive industry-wide transformation through greater accessibility, seamless integration, and a continued commitment to advisor-centric innovation. Broadhaven served as Luma’s advisor on the transaction.
About Luma Financial Technologies
Founded in 2018, Luma Financial Technologies (“Luma”) has pioneered a cutting-edge fintech software platform that has been adopted by broker/dealer firms, RIA offices, and private banks around the world. By using Luma, institutional and retail investors have a fully customizable, independent, buy-side technology platform that helps financial teams more efficiently learn about, research, purchase, and manage alternative investments as well as annuities.
Luma gives these users the ability to oversee the full, end-to-end process lifecycle by offering a suite of solutions. These include education resources and training materials; creation and pricing of custom structured products; electronic order entry; and post-trade management. By prioritizing transparency and ease of use, Luma is a multi-issuer, multi-wholesaler, and multi-product option that advisors can utilize to best meet their clients’ specific portfolio needs.
Headquartered in Cincinnati, OH, Luma also has offices in New York, NY, Miami, FL, Zurich, Switzerland, and Lisbon, Portugal.
For more information, please visit Luma’s website, or follow us on LinkedIn.
About Sixth Street Growth
Sixth Street Growth makes investments in mid- and late-stage technology companies. The Sixth Street Growth team partners with founders and management teams to provide differentiated capital solutions to accelerate organic and inorganic growth. Sixth Street Growth is the dedicated growth investing platform of Sixth Street, a leading global investment firm with over $100 billion in assets under management and committed capital. Sixth Street has invested over $10 billion in more than 70 companies through its Growth franchise since inception. For more information, visit www.sixthstreet.com/growth, and follow Sixth Street on LinkedIn.
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Contacts
Media Contacts
Luma Financial Technologies: joe.collins@lumafintech.com
Sixth Street: media@sixthstreet.com
