Fundz

Proxymity Announces Series B Investment Of $31 Million

PRIVATEDec 17, 2021

Round Type

Series B

London

Description

Proxymity, the leading digital investor communications platform, announced today that it has raised $31 million in its second-round investment stage. The company has delivered significant growth since its launch in April 2020, providing digital access to over 12,000 meetings in 29 markets worldwide. Proxymity will use the new funds to expand further their product and market footprint, drawing on the platform's capabilities in delivering digital global investor communications.

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Company Information

Company

Proxymity

Location

London, Ontario, Canada

About

The company has delivered significant growth since its launch in April 2020, providing digital access to over 12,000 meetings in 29 markets worldwide. The Proxymity platform also drives solutions compliant with all the security and data protection requirements established under (EU) SRD II regulations, as well as shareholder rights. The Consortium's continued support for the Proxymity vision reflects the value that the Proxymity platform is bringing to the whole ecosystem." Proxymity will use the new funds to expand further their product and market footprint, drawing on the platform's capabilities in delivering digital global investor communications. Proxymity will use funds to further expand the company's product and market footprint, drawing on the platform's capabilities to deliver digital global investor communications. In the last few months alone, we have seen Proxymity open its APAC hub in Australia, following joint collaboration of an integrated voting solution for custodians and their institution investors in [2020]; we've also delivered a market-first digital proxy voting into New Zealand. Proxymity is an innovative investor communications platform that connects issuers, intermediaries, and investors via their proprietary digital network.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Proxymity raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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