Proxymity secures $26m from major financial institutions to advance digital proxy voting.
Existing investors including BNP Paribas and J.P. Morgan backed the growth round.
≈ £20.9M at $1 = £0.8032 on 11 Feb 2025
Proxymity operates a digital platform that connects issuers, intermediaries, and investors in real time for proxy voting and shareholder communications.
Proxymity has secured $26m in growth funding from a consortium of major financial institutions, including BNP Paribas and J.P. Morgan, to advance its digital proxy voting technology. The platform connects issuers, intermediaries, and investors in real time to improve transparency and efficiency in shareholder communications. The capital will support further technical enhancements and international expansion.
Originating from within Citi before spinning out as an independent entity in 2020, the company has established a significant presence across multiple global markets. The latest investment coincides with the rollout of new products such as Vote Connect Global and the Investor Portal Platform. Major global custodians continue to back the business as regulatory requirements around shareholder engagement evolve.
From the founder
"Inefficiencies in the proxy voting system have led to both issuers and investors, the crucial end users in the process, being disenfranchised with their experience, and Proxymity was founded to radically improve the process for everyone in the ecosystem radically, ensuring access to real-time data, full transparency of voting status and activity and regulatory compliance."
Jonathan Smalley
Co-founder at Proxymity
Investor perspective
"Our continued investment in Proxymity reflects our confidence in their innovative technology and close collaboration. The advancements they're making in transparency and efficiency within proxy voting and shareholder communication are remarkable, and we're excited to support their journey to benefit our clients."
Christian Houillon
Global Head of Custody Products & Solutions, BNP Paribas
Use of funds
- 01Continue product development
- 02Expand into international markets
Investors
Christian Houillon
BNP Paribas
BNY Mellon
Amit Agarwal
Citi
Clearstream
Paul Conn
Computershare
Hannah Elson
J.P. Morgan
State Street
