Proxymity Secures $26M Investment to Enhance Transparency in Shareholder Communication

Proxymity Secures $26M Investment to Enhance Transparency in Shareholder Communication

Proxymity, a pioneering digital investor communication platform, has successfully secured an impressive $26 million in additional funding. This latest investment round features support from a robust group of existing investors, including renowned financial institutions like BNP Paribas, BNY Mellon, Citi, Clearstream, Computershare, J.P. Morgan, and State Street.

Proxymity’s Funding Highlights

This recent funding round emphasizes the strong investor confidence in Proxymity’s potential to revolutionize shareholder communication, proxy voting, and investor disclosure processes through its innovative technology. The capital raised will be allocated towards:

  • Enhancing Technology: Upgrading the existing digital platform to improve user experience.
  • Geographic Expansion: Broadening the company’s service reach to new markets.

Innovative Technology Solutions

Proxymity’s digital solutions empower global investors to participate in general meetings with real-time vote execution capabilities, including those in the US. Key offerings include:

  • Vote Connect Global: Designed to streamline the voting process globally.
  • Vote Connect Total North America: Aimed at enhancing efficiency and transparency in North American voting.

Enhanced Features for Investors

With the launch of its Investor Portal Platform and a newly developed suite of products, Proxymity offers comprehensive coverage for investors and intermediaries, including:

  • Up-to-the-minute voting deadlines
  • Direct voting execution

Growing Demand and Industry Recognition

Proxymity’s innovative technological advancements have quickly gained traction, encouraging issuers and agents to engage with the platform for:

  • Real-time voting tracking
  • Enhanced shareholder engagement

Dean Little, co-founder and CEO of Proxymity, expressed enthusiasm about the funding, stating, “We are thrilled to have successfully secured further growth funding. This underscores our investors’ confidence in our strategy of driving innovation and excellence in the field of shareholder communications.”

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Support from Key Investors

Proxymity’s existing investors, including notable figures from BNP Paribas and Citi, have played a crucial role in the company’s growth trajectory. Christian Houillon, global head of custody products & solutions at BNP Paribas, commented:

“Our continued investment in Proxymity reflects our confidence in their innovative technology and close collaboration.”

Amit Agarwal, head of custody at Citi, echoed similar sentiments, stating:

“Citi is delighted to continue our support for Proxymity as they deliver on our shared vision of a next-generation digital investor communications platform.”

For further insights into Proxymity and its innovative approach to digital investor communications, visit their official website: Proxymity.

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