Symphony raises $63m; valued at $1 billion

Symphony Communication Services, the maker of a Wall Street online chat service, said on Tuesday it has raised $63 million in new funding led by French bank BNP Paribas.

The latest investment values the messaging service at over $1 billion, according to a source familiar with the matter. A Symphony spokeswoman declined to comment on valuation.

The round, which will help Symphony expand into new global markets, brings total funding to $233 million, according to the company.

The Symphony service is a rival to financial market messaging offered by Bloomberg LP and Thomson Reuters Corp , the parent of Reuters News. —