Proxymity, a UK-based digital investor communication platform connecting investors with intermediaries and issuers, has secured $36 million in a Series C funding round.
The round featured first-time investment in the company from Mitsubishi UFJ Trust and Banking Corporation (MUTB), the trust banking unit of the Mitsubishi UFJ Financial Group (MUFG) in Japan.
The London-headquartered company, led by co-founder and CEO Dean Little, says it plans to use the new funds to support its expansion into the Asia-Pacific (APAC) region, and will utilise its new partnership with MUTB to make its tech available to publicly listed companies in Japan.
“With this additional funding, we will be able to continue building out our technology and further accelerate our expansion into the APAC region,” comments Little, describing the MUTB partnership as “a catalyst for continued growth”.
The Series C round follows a $26 million capital raise in February, supported by existing backers BNP Paribas, BNY, Citi, Clearstream, Computershare, JP Morgan, and State Street.
Previous funding rounds also include a $31 million Series B in December 2021, raised after Proxymity was established as an independent entity from Citi, which created the platform with Computershare three years prior.
Proxymity adds that it will use the funding to “further enhance its global proxy voting and shareholder disclosure technology”, namely the Proxymity Vote Connect Global and Proxymity Shareholder Disclosure solutions, launched in December and April respectively.
Proxymity operates a digital investor communications platform which brings together issuers, intermediaries, and investors, enabling the real-time streaming of meeting data and votes, as well as automated disclosure requests and responses.
Source: https://www.fintechfutures.com/
