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Financial Advisory  + RIAs & Financial Advisors  |  April 21, 2025
Luma Financial Secures $63M Series C Funding Led by Sixth Street Growth
Joe Palmisano
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 of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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