Digital investor Proxymity has raised a €27.5 million Series B round to further accelerate its growth in the European digital investor market. Proxymity will use the funding to scale its business across Europe and continue developing its data-driven digital investment platform, which helps investors at all stages of their fund’s life cycle, from pre-seed to secondary, find new high quality investments faster and more efficiently. In addition, Proxymity will use the capital injection to scale operations in new markets and support potential future partnerships with exchanges, brokers and other third party services that could benefit from using Proxymity as a way of increasing their deal flow and accelerating their growth.
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What is Proxymity?
Proxymity is a data-driven digital investor that helps sophisticated investors at all stages of their fund’s life cycle find new high quality investments faster and more efficiently. The company has offices in London and New York, with the majority of its staff based in the UK. The Proxymity investment platform helps investors at all stages of their fund’s life cycle find new high quality investments faster and more efficiently. The platform is underpinned by programmatic technology and artificial intelligence algorithms that help high net worth individuals, family offices, fund managers and other sophisticated investors quickly find new investment opportunities.
In turn, this leads to improved investment outcomes and better returns. The platform is built to be agile, enabling it to respond to changing market conditions and investor needs. It is also designed to be highly customizable, allowing the company to quickly add new functionality to keep up with the fast pace of change in the digital investment landscape.
Why Was Proxymity’s Series B Raised Now?
The funding Proxymity has raised is part of a larger €60 million equity round. A portion of the round, €27.5 million, is being raised through a new, dedicated Series B. This is being done to fund rapid growth and develop the business, with the full equity round expected to close in the coming months. The funding round is being led by Wellington Partners, a leading European venture capital firm with offices in London and Paris, and existing investors Nautilus Venture Partners, Digital Alpha and Bridgehouse Capital. The funding is expected to close in the first quarter of this year.
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How Did Proxymity Raise €27.5M?
Proxymity’s Series B was led by Wellington Partners, a leading European venture capital firm with offices in London and Paris, and existing investors Nautilus Venture Partners, Digital Alpha and Bridgehouse Capital. The funding is expected to close in the first quarter of this year. The funding round was opened to all investors interested in funding Proxymity’s rapid growth and development of its technology and business. Interested investors could apply via the company’s website to join the funding round. Since the fundraising round was opened to the public, investors have been able to apply via the company’s website or via an online form.
What Does the Future Hold for Proxymity?
The funding will enable Proxymity to continue to grow its business across Europe and the Americas, and to further develop its platform to provide an even better service for all its customers, including investors and entrepreneurs, as well as its staff. As part of this development, the company’s technology will be upgraded to make it even more scalable and robust. This will act as a foundation for future partnerships with exchanges, brokers and other third-party services that could benefit from using Proxymity as a way of increasing their deal flow and accelerating their growth.
Final Words: Wrapping Up
The European digital investor market is expected to reach €6 billion by 2024, up from €1.6 billion in 2018. This represents an average annual growth of 17.7% between 2019 and 2024. As investors turn to digital channels to search for new opportunities and analyze deals, there is a growing need for sophisticated digital tools that help investors find new opportunities faster and more efficiently. Proxymity has developed an advanced digital investment platform that helps investors at all stages of their fund’s life cycle find new high quality investments faster and more efficiently. The company has raised a €27.5 million Series B round to further accelerate its growth and develop its technology and business to provide an even better service for all its customers, including investors and entrepreneurs, as well as its staff.
