Cathay Capital has backed the merger of French communications agencies K2 and Karla Otto, with the new business named The Independents.
European Investment Fund also invested in the round alongside various business angels
Previous investors High-Tech Gründerfonds and Bayern Kapital also took part in the round
London-based banking-related technology business was founded by former Barclay's CEO Anthony Jenkins
Italian sovereign fund Cassa Depositi e Prestiti acted as anchor investor for the two vehicles