Primary Portal, a UK-based provider of a platform for deal information, has scored £5.3m in investment.
The round was led by Dutch Founders and Fund also saw participation from investors such as Flow Traders.
Founded in 2020, Primary Portal provides a digital platform that aggregates and digitises equity capital market deals for fund and flow traders. When clients look at the dashboard, they can see live IPOs, recently priced ABOs, rights issues and convertibles.
The firm has established itself with over 50 banks and 1,000 active users throughout Europe and Asia and launched its offering in the US market at the beginning of November.
Primary Portal has locations in London, Warsaw and Hyderabad. The firm said it has already brought breakthrough technology to market and has many of the world’s top investment firms and banks on our platform.
The company intends to use the newly raised capital to expand operations and its business reach entering the US market, and to extend its offerings, such as enabling institutional investors to communicate feedback and indications of interest to banks.
California-based Blocknative, a web3 infrastructure business, has recently scored $15m in a Series A-1 funding raise.
Investors in the round included Blockchain Capital, Foundry Group, Rho, IOSG Ventures, Robot Ventures, Fenbushi Capital, HackVC, and Industry Ventures.
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