BLK secures £50m from Nimbus Capital to fund international growth and technology development
The £50m equity financing from Nimbus Capital will support technology enhancements and global expansion ahead of a planned public listing.
BLK operates an online commodities and raw materials trading platform connecting buyers and sellers directly. The business facilitates peer-to-peer raw material procurement without traditional intermediaries.
Glasgow-based online commodities platform BLK has secured £50m in an equity funding round led by Nimbus Capital. The capital injection will support international scaling, maritime asset acquisitions, and technology enhancements including artificial intelligence and blockchain integration. This financing also positions the company for a planned public offering later in the year following a period of strong revenue growth.
From the founder
"We are delighted to welcome Nimbus as a strategic partner. The shared vision in the disruptive role of our technology, supported by the triple-digit growth BLK underwent over the past year, paves the way for a significant expansion of our operations."
Lalu John
Chief Exec at BLK
Investor perspective
"Nimbus Capital is proud to back BLK as they transform the $20 trillion global commodities market through digital innovation."
Robert Baker
Managing Partner, Nimbus Capital
Use of funds
- 01Expand into international markets
- 02Build out infrastructure
- 03Fund acquisitions
- 04Fund research and development
Investors
Categories
About the company
BLK
BLK operates a digital marketplace for global commodities trading.