OpenExchange, the leader in video and virtual event solutions for financial communications, announced that it has completed an initial closing of nearly $23 million in Series D Preferred Stock to support both organic growth and complementary acquisitions to fortify its market leadership.

The funding round is led by Kingfisher Investment Advisors, a San Francisco-based venture growth fund focused on late-stage, high-growth technology companies, and by Stonebridge Ventures, a leading Korea-based venture fund with a global portfolio. It comes as OpenExchange completes another record quarter in managing virtual meetings and conferences, and has delivered the first hybrid investor events using its new OE VIZION platform.

Based in Boston, New York, London, Hong Kong and Seoul, OpenExchange video-enables the vital daily communications of the financial services and professional investment industry and its clients with advanced one-to-one, one-to-many, and many-to-many video technologies, tools and services. Anchored by its experience in connecting more than 100,000 video endpoints in the professional investment community and more than 500,000 registered users to its Knovio video platform, the OpenExchange Network bridges the worlds of real-time videoconferencing, video live-streaming, and searchable on-demand video archives and showcases, making it easy to connect, create, disseminate, and discover information critical to investment and business decisions.