Luma Financial Technologies, a leader in structured products and insurance solutions, announced that it has closed a $63 million Series C financing led by Sixth Street Growth. And existing strategic investors including Bank of America, Morgan Stanley, UBS, and TD Bank Group participated in the round.
The additional funding will accelerate 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, this funding will allow Luma to scale its impact while preserving the leadership and strategic direction guiding its success.
With demand for alternatives growing, Luma remains at the forefront of helping firms with the tools to adapt and excel. Building on its momentum, this next growth phase will accelerate Luma’s ability to drive industry-wide transformation through greater accessibility, seamless integration, and a continued commitment to advisor-centric innovation.
Advisor: Broadhaven served as Luma’s advisor on the transaction.
New board member: Alex Goodman, Principal at Sixth Street Growth, will join the firm’s Board of Directors.
KEY QUOTES:
“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. 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.”
– Tim Bonacci, CEO of Luma Financial Technologies
“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. 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.”
– Michael McGinn, Partner at Sixth Street and Co-Head of Sixth Street Growth
