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Financial Advisory  + RIAs & Financial Advisors  |  April 21, 2025
Luma Financial Secures $63M Series C Funding Led by Sixth Street Growth
By: Joe Palmisano

Luma Financial Secures $63M Series C Funding Led by Sixth Street Growth

Luma Financial Technologies, a Cincinnati-based fintech firm specializing in structured products and insurance solutions, announced the completion of a $63 million Series C funding round led by Sixth Street Growth, the growth investing arm of global investment firm Sixth Street. The round included participation from existing strategic investors such as Bank of America, Morgan Stanley, UBS, and TD Bank Group.

Founded in 2018, Luma offers a buy-side technology platform that helps financial teams more efficiently learn about, research, purchase, and manage alternative investments as well as annuities. The company also plans to give advisors access to life insurance in the future.

Alex Goodman, principal at Sixth Street Growth, will join Luma’s Board of Directors. CEO Tim Bonacci emphasized that the investment reflects confidence in Luma’s market value and its client-focused approach. Michael McGinn, partner at Sixth Street Growth, highlighted Luma’s role as a critical infrastructure for wealth management, supporting the adoption of new financial products.

The company, founded in 2018, serves broker/dealers, RIAs, and private banks worldwide, with offices in Cincinnati, New York, Miami, Zurich, and Lisbon.

Broadhaven advised Luma on the transaction.

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Luma Financial TechnologiesSixth Street Growth

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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