Proxymity raises £23.4m in Series B funding from existing consortium members to expand its market footprint
The investment round was backed by a consortium of major financial institutions including BNY Mellon, Citi, and Computershare.
Proxymity operates a digital investor communications platform that connects issuers, intermediaries, and investors in real time. The company serves clients across more than 25 markets worldwide.
Proxymity has secured £23.4m in Series B funding from its existing backer consortium. The capital will support the company as it expands its product offering and increases its footprint in global markets.
Participation in the round came from major financial institutions including BNY Mellon, Citi, Computershare, Deutsche Bank, Deutsche Börse, J.P. Morgan, and State Street. The latest financing follows a period of rapid growth for the platform since its spin-out from Citi in April 2020.
From the founder
"We’re delighted to announce this successful round of fundraising, both in terms of the confidence our investors have shown in us, and in accessing new funds to fuel our significant global momentum. We continue to work closely with all our founding consortium members, and together, the Proxymity team is delivering on our vision, changing the industry ecosystem for the better."
Dean Little
Co-Founder and CEO at Proxymity
Investor perspective
"Proxymity is changing how investor communications work by connecting issuers and investors in a transparent and more efficient digital ecosystem. We are excited to continue this collaboration with Proxymity and our industry partners as its success will be beneficial to the industry as a whole, which is BNY Mellon’s objective in all of our consortium investments."
Caroline Butler
Global Head of Custody, Tax & Network, BNY Mellon
Use of funds
- 01Continue product development
- 02Expand into international markets
Investors
Caroline Butler
BNY Mellon
Matthew Bax
Citi
Computershare
Deutsche Bank
Samuel Riley
Deutsche Börse
Hannah Elson
J.P. Morgan
Brenda Lyons
State Street
