Luma Financial Technologies, recognized for its leadership in structured products and insurance solutions, has successfully closed a $63 million Series C financing round. The investment was spearheaded by Sixth Street Growth, a prominent growth investing business within the established global investment firm Sixth Street, on April 16, 2025.
This funding round saw participation from key existing investors, including notable names such as Bank of America, Morgan Stanley, UBS, and TD Bank Group. The infusion of capital is set to accelerate Luma’s expansion into critical markets while cementing its commitment to product innovation and enhancing its global client support capabilities.
“Our partners’ confidence in the value Luma brings to the market illustrates the strong foundation we’ve established,” said Tim Bonacci, CEO of Luma Financial Technologies. He emphasized that the firm has seen considerable growth by focusing on delivering value to clients, adding, “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.”
The backing from Sixth Street Growth will facilitate Luma’s ability to scale its operations while simultaneously preserving its strategic direction. Alex Goodman, a Principal at Sixth Street Growth, will take a seat on Luma’s Board of Directors as part of the arrangement.
“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,” explained Michael McGinn, Partner at Sixth Street and Co-Head of Sixth Street Growth. He expressed excitement about partnering with Luma, stating, “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.”
Luma continues to empower firms with essential tools in response to the growing demand for alternative investments. This new growth phase will enhance Luma’s role in driving industry-wide transformation through improved accessibility and a sustained commitment to advisor-centric innovations. Broadhaven acted as Luma’s advisor during this transaction.
Founded in 2018, Luma Financial Technologies has set itself apart in the fintech sector with an advanced software platform that is widely integrated by broker/dealer firms, registered investment advisor (RIA) offices, and private banks around the globe. Luma's platform enables institutional and retail investors to utilize a customizable buy-side technology that simplifies the management of alternative investments and annuities.
Luma provides users with a comprehensive suite of solutions, which includes educational resources, pricing and creation of structured products, electronic order entry, and post-trade management. By prioritizing transparency and user-friendliness, Luma serves as a versatile option for advisors seeking to meet diverse client needs effectively.
Headquartered in Cincinnati, Ohio, Luma maintains additional offices in New York, Miami, Zurich, and Lisbon, emphasizing its global reach.
In context, the latest financing represents a significant opportunity for Luma Financial Technologies to leverage strategic partnerships while enhancing its innovative offerings in the fintech landscape. As the industry evolves, Luma's commitment to adapting and expanding its capabilities will likely solidify its standing as a leader in alternative investments and structured financial solutions.