Appital raises £2.5m in seed follow-on funding led by Frontline Ventures to accelerate technology development.
The investment round was led by Frontline Ventures with backing from angel investors to scale technology infrastructure and engineering capacity.
Appital operates an equity capital marketplace designed to bring automation and technological innovation to financial markets. The platform enables institutional investors to discover liquidity and manage bookbuilding processes.
Appital has secured £2.5m in a seed follow-on funding round led by Frontline Ventures, with participation from capital markets angel investors. The fresh capital will be directed towards accelerating the development of the company's technology infrastructure, integrating with leading financial institutions and vendors, and expanding the engineering team to support commercial delivery. The raise follows a partnership agreement with Turquoise to introduce bookbuilding technology for the buy-side sector.
From the founder
"This is an exciting time for our business. We are delighted to have secured joint investment from Frontline Ventures and a number of angel investors to provide buy-side firms with new opportunities to discover and interact with latent liquidity. We enable buy-side firms to radically rethink their approach to interacting with the market, gain exposure to deal flow opportunities they have not been able to access before, and proactively drive liquidity in the market."
Mark Badyra
Chief Executive Officer at Appital
Investor perspective
"Appital offers a solution to one of the buy-side’s biggest pain points in equity capital markets: the lack of efficiency across existing bookbuilding and deal distribution processes. Their proven track record in gaining participation from major asset management firms is testament to the need for innovation in this segment of the market and we are delighted to support Appital’s vision."
Shay Garvey
Founding Partner, Frontline Ventures
Use of funds
- 01Continue product development
- 02Build out infrastructure
- 03Grow the team
- 04Accelerate go-to-market