Mitsubishi UFJ Trust and Banking Corporation led the closing of the £20.9m round to support technology development and APAC expansion.
"We are thrilled to have Mitsubishi UFJ Trust and Banking Corporation become a consortium member of Proxymity. With this additional funding, we will be able to continue building out our technology and further accelerate our expansion into the APAC region. We are excited about this partnership as a catalyst for continued growth and delivering exceptional value to our clients and the ecosystem we serve."
Point72 Private Investments led the round to support global expansion and research initiatives.
"We know this market well and strongly believe in the power of next-generation AI to revolutionise contracting processes across the enterprise. We are excited to back Luminance as it continues building a specialist and trusted technology that has already been adopted by many of the world’s largest organizations. Their team, strategy and vision positions them well to win this market."
The Series C round was led by Highland Europe with participation from ETFS Capital to support product development and team expansion.
"Financial advice is a heavily regulated space and it is difficult for fintech platforms to break through unless they truly understand how to manage and enable operations for their customers. For the past six years, we have been building Fundment as the all-in-one tech platform to support a financial advice firm’s every need so they can dedicate more time to delivering value to customers. We now have over 500 firms relying on Fundment, but we’re still in the early stages of our journey. I’m delighted to have the backing of Highland Europe and look forward to working with the knowledgeable team there as we scale Fundment."
KKR leads a £295m growth investment in commercial intelligence platform Lighthouse to drive product innovation and international expansion.
"We’re extremely grateful to the 70,000+ hospitality providers, who have placed their trust in Lighthouse, I couldn’t be more energized by what we’re working towards. We’re just getting started in making hospitality data and tools more powerful, accessible, and affordable. This investment by KKR significantly accelerates our ability to enhance our commercial platform through expanded AI capabilities and additional data sets, enabling us to better serve our existing customers while continuing to expand across the hospitality market."
Northzone led the Series C financing round, which will fund the platform's expansion into new product categories.
"Nivoda has quickly emerged as a category-defining company that powers small retailers around the world. Nivoda is building a truly pioneering technology platform that creates value for all stakeholders across the ecosystem including consumers, suppliers, and retailers. We had the privilege of getting to know Dave and the team for over a year prior to investment and are very excited to partner with them on this journey."
