Primary Portal raises £7.5m in Series A funding led by DB1 Ventures
The initial tranche of the Series A round was led by DB1 Ventures with backing from Dutch Founders Fund and Flow Traders.
Primary Portal operates a digital platform that aggregates and digitises equity capital market processes for banks and asset managers. The firm builds interoperable infrastructure to replace manual workflows in equity issuance.
Primary Portal has secured £7.5m in the first stage of its Series A funding round. The investment was led by DB1 Ventures, the corporate venture capital arm of Deutsche Börse Group, with participation from existing backers Dutch Founders Fund and Flow Traders.
The capital will be directed towards expanding the platform capabilities, notably by linking asset managers with banks through order management systems to facilitate straight-through processing. Furthermore, the company plans to develop its analytical data tools.
Over 90 banks and 400 institutional investors currently utilise the platform to manage equity issuance processes. The company anticipates a second close for the round later in the year as additional investors join.
From the founder
"We are delighted to welcome Deutsche Börse as a shareholder and are very excited to work together with them in further enhancing connectivity and digitisation for capital markets"
John Bentinck
Founder at Primary Portal
Investor perspective
"At Deutsche Börse, we believe in innovative solutions to shape capital markets and are committed to strengthening the ecosystem. By digitising communication and workflows, Primary Portal paves the way for efficient connectivity between asset managers and banks in equity issuances, improving the process for companies to raise capital. Our partnership and commitment underscore our confidence in Primary Portal, its hard-working team and the European equity market"
Stefan Maassen
Head of Capital Markets & Corporates at Deutsche Börse, DB1 Ventures
Use of funds
- 01Continue product development
Investors
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About the company
Primary Portal
Primary Portal provides digital infrastructure to streamline equity capital market workflows.