CloudMargin secures £11.8m in Series B funding led by Deutsche Bank
The Series B round was led by Deutsche Bank alongside participation from Deutsche Börse and Citi.
CloudMargin provides cloud-native collateral and margin management solutions for financial institutions globally. The firm replaces legacy systems with software that helps market participants meet regulatory demands and drive operational efficiencies.
CloudMargin has secured a Series B funding round of £11.8m, with backing from Deutsche Bank, Deutsche Börse, and Citi. The capital injection will be directed toward platform innovation and expanding regional operations in the US and Asia.
The investment represents the company's largest raise to date, bringing its total equity funding since inception to $35m. Jefferies LLC acted as financial adviser on the transaction.
From the founder
"We’re delighted to enjoy the confidence of these premier global institutions and to give them an important voice on our Board of Directors as we continue on our exciting growth trajectory. During this unprecedented period of global turmoil and market volatility, it speaks volumes for the CloudMargin business model, achievements and strategy that we were able to successfully close this meaningful investment round with such high calibre partners as Deutsche Bank, Deutsche Börse and Citi. For financial services institutions, the impact of COVID-19 has further reinforced our value proposition by highlighting many challenges the industry has faced for a prolonged period and acting as a catalyst to drive transformational change; firms are placing a strategic priority on adopting modern, Software-as-a-Service based cloud technologies that provide agility as well as operational and cost efficiencies."
Stuart Connolly
CEO at CloudMargin
Investor perspective
"CloudMargin is a perfect investment opportunity for Deutsche Börse and its post-trading services provider Clearstream. Its innovative and agile technology brings crucial momentum to all players in the collateral management industry, from the largest investment banks to small and medium-sized buy-side institutions. Joining forces between established trusted players and a flexible start-up like CloudMargin is essential to future-proof the business for all market participants."
Tilman Fechter
Head of Banking, Funding & Financing at Clearstream, Deutsche Börse
Use of funds
- 01Continue product development
- 02Invest in sales and marketing
Investors
Categories
About the company
CloudMargin
CloudMargin provides cloud-native collateral and margin management solutions for the financial sector.