DCG, MiddleGame in $20m round for Nivaura

The round was led by London Stock Exchange Group, with participation from the corporate venture arms of Santander and insurance group Transamerica, law firms Allen & Overy, Linklaters and Orrick, and angel investor Spencer Lake.

Nivaura will look to expand into new geographies and asset classes following the funding round. It will also undertake a recruitment drive in its engineering, business development and senior management teams.

Company
Founded in 2016, London-headquartered Nivaura develops software that automates issuance and administration processes. It focuses on digital investment banking platforms for banks, exchanges and other financial institutions.

People
Nivaura – Avtar Sehra (CEO); Alan Morgan (chairperson).

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• Topics
• Expansion
• UK / Ireland
• Technology
• United Kingdom
• Venture
• Fintech