Citi is a prominent banking partner providing cross-border financial products, wealth management, and institutional services across more than 180 countries.
The Series B round was led by Deutsche Bank alongside participation from Deutsche Börse and Citi.
"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."
Citi has backed metadata management software provider Solidatus in its first major institutional round.
"Our partnership with Solidatus will bring state-of-the-art technology to enhance our data ecosystem. It’s critical we understand our organisational data flow to enable us to deliver efficiently to our clients."
— Stuart Riley, Head of Citi's Institutional Clients Group Operations & Technology
The strategic funding round was backed by eight major financial institutions including BNY Mellon, Citi, Clearstream, Computershare, Deutsche Bank, HSBC, J.P. Morgan, and State Street.
"We’re extremely proud of what Proxymity has achieved so far within Citi since we developed the platform in 2017. To date, Proxymity has supported over 3,000 shareholder meetings and, after successful pilots, we’ve fully launched the platform in the UK, Germany, The Netherlands, Belgium, Austria, and Australia, as well as a pilot in Spain,"
