Main Portal, a digital platform that aggregates and digitises fairness capital market processes for banks and asset managers, has accomplished the primary stage of its €8.9 million Collection A funding spherical led by the enterprise capital arm of Deutsche Börse Group, DB1 Ventures. The spherical additionally noticed additional funding from present shareholders Dutch Founders Fund (DFF) and Move Merchants.
Drawing on over 20 years of expertise in fairness capital markets, founders John Bentinck and Ilan Leshem are remodeling archaic and inefficient workflows in fairness capital markets, that are nonetheless largely analogue, labour-intensive and error-prone.
With over 90 banks and 400 institutional buyers utilizing the platform, Main Portal is quickly digitising the fairness issuance area by creating the infrastructure that makes capital markets programs interoperable.
“We’re delighted to welcome Deutsche Börse as a shareholder and are very excited to work along with them in additional enhancing connectivity and digitisation for capital markets,” mentioned Bentinck. “Their funding is a robust endorsement of our collaborative method to bringing digital options to market members.”
With the brand new funding, the corporate will broaden its providing, notably by connecting asset managers’ order administration programs with banks, enabling straight-through processing in capital markets transactions for the primary time.
Moreover, Main Portal will advance its analytical knowledge options, offering highly effective knowledge and analytical instruments to banks and asset managers. “The demand for AI-driven analytics merchandise is immense. Including subsequent technology analytics on the again of actual time, golden-source knowledge is merely the start,” mentioned Leshem.
“At Deutsche Börse, we consider in revolutionary options to form capital markets and are dedicated to strengthening the ecosystem. By digitising communication and workflows, Main Portal paves the way in which for environment friendly connectivity between asset managers and banks in fairness issuances, enhancing the method for corporations to lift capital. Our partnership and dedication underscore our confidence in Main Portal, its hard-working workforce and the European fairness market,” added Stefan Maassen, Head of Capital Markets & Corporates at Deutsche Börse.
Main Portal expects additional buyers to hitch the spherical in a second shut within the second half of the yr.
