Symphony Communication Services LLC, an instant-messaging startup backed by Wall Street, is in early talks with potential investors to raise about $100 million in new funding. The company has discussed investments with Singapore wealth funds Temasek Holdings and GIC, as well as U.S. private-equity firm General Atlantic, according to people familiar with the matter. Some existing investors are also expected to participate in the latest funding round. ...
Symphony has revealed a new virtual meetings tool and an API that allows developers to integrate third party apps. The news comes amid reports that the bank-backed messaging platform is in talks over a $100m funding round. The company, which raised $100m a year ago from investors including Alphabet, which valued the company at around $650m, has reportedly discussed investments with Singapore wealth funds Temasel Holdings and GIC as well as General Atlantic. The start-up also recently agreed to join with Bloomberg a multi-asset workstation for news and research sometimes cited as a Money.net challenger.