Naviter Capital provided the debt and equity package alongside private investors.
"Dealerships are going through a particularly difficult time at the moment amid the ongoing impact of the Coronavirus and while this will lead to an unavoidable short term slowdown in aftersales activity many have already recognised the longer term importance of adopting interest-free payment methods within their service departments. This is especially important when it comes to selling work that they would have otherwise missed out on."
The seed round was backed by GC Angels and an angel investor to fund team expansion and product development.
"As a relatively new company, we are growing rapidly with the increased demand for ethically-sourced and sustainable products across the UK. Jess and the rest of the GC Angels team have been really helpful throughout the investment journey in pointing us in the right direction when it comes to new contacts and events. They understood our vision to be the most transparent marketplace in the industry, and we are looking forward to expanding with this investment and working together as we grow."
The London-based digital branding platform secured £2m from Notion Capital, Angel CoFund, and VentureFounders.
"Many years ago we set out to build a platform that would empower programmatic digital trading with levels of creativity not otherwise seen, while baking in as automated features, optimum solutions for real-time fraud management. It has taken a long time but we are truly excited to now be in market with what many say is a game-changing offering. Being able to close a round at this particular time is a testament to that technology offering and the belief shown by existing and new investors alike. I am also thrilled to welcome the Angel CoFund to the business."
The strategic funding round was backed by eight major financial institutions including BNY Mellon, Citi, Clearstream, Computershare, Deutsche Bank, HSBC, J.P. Morgan, and State Street.
"We’re extremely proud of what Proxymity has achieved so far within Citi since we developed the platform in 2017. To date, Proxymity has supported over 3,000 shareholder meetings and, after successful pilots, we’ve fully launched the platform in the UK, Germany, The Netherlands, Belgium, Austria, and Australia, as well as a pilot in Spain,"
FTV Capital led the £78.4m growth equity round with backing from existing investors to support new market entries and product development.
"We’re delighted to close this round with the full support of our investors. This investment gives us the opportunity to look ahead, create more jobs and provide the insurance pet owners care about for years to come."
