Proxymity raises £41.5m Series B funding led by Mediant
Mediant led the latest financing alongside participation from Citi Ventures and Deutsche Börse Group.
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 £41.5m in a Series B extension round led by Mediant Communications, bringing the total raise to $52m. Additional participation in the closing came from existing backers Citi Ventures and Deutsche Börse Group. The capital will support the company as it expands its footprint in North America and develops its global market reach.
The business, which spun out from Citi in 2020, provides digital access to shareholder meetings and automates disclosure requests. Its growing consortium now includes seven of the top ten global custodians, managing vast assets under custody across numerous markets worldwide.
From the founder
"We are excited to welcome Mediant to Proxymity’s distinguished group of investors. In addition to the strength of having seven of the top ten global custodians within the consortium, managing over $200 trillion in assets under custody, we now welcome a new member who will contribute further to our plans to extend our reach in North America and worldwide."
Jonathan Smalley
Co-Founder and COO at Proxymity
Investor perspective
"We are pleased to support Proxymity and their transformative platform for global proxy voting and disclosure, as they work to bring the benefits of digital investor communications to the industry as a whole."
Arthur Rosenzweig
CEO, Mediant Communications
Use of funds
- 01Expand into international markets
Investors
Arthur Rosenzweig
Mediant Communications
Luis Valdich
Citi Ventures
Samuel Riley
Deutsche Börse Group
BNP Paribas
BNY Mellon
Citi
Computershare
Deutsche Bank
J.P. Morgan
State Street
