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Citi spin-out Proxymity raises $31m in Series B funding round

December 20, 2021

Original consortium investors BNY Mellon, Citi, Computershare, Deutsche Bank, Deutsche Börse, JP Morgan, and State Street all participated in the round.

The platform was incubated in Citi and launched in the UK in 2018, following a collaborative pilot partnership with Computershare. Proxymity was then spun out by Citi in April 2020.

In addition to its HQ in London, the firm has customer hubs in Manchester, UK, and Melbourne, Australia and a technology and R&D team in Tel Aviv, Israel.

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