Venture capital firm takes stake in CloudMargin
25 February 2015 London
Image: Shutterstock
llluminate Financial Management has invested in CloudMargin, the collateral and risk management technology platform originally backed by a group of senior financial market executives.
The cloud-based solution, which launched in 2013, is a cross-product, cloud-based collateral and margin management technology solution.
CloudMargin was developed to cater specifically to buy-side and non-bank institutions such as corporates, hedge funds, insurers, pension funds, and asset managers.
The move marks Illuminate’s first investment in a financial technology firm since it was launched last year by Mark Beeston, now managing partner of the company.
Illuminate’s investment is the only institutional funding completed by CloudMargin as it eyes the next phase of its growth.
Beeston commented: “CloudMargin fits perfectly into our investment thesis of identifying and accelerating the growth of young companies that will lead the next stage of technology innovation within capital markets.”
“It is unique in that it offers a low cost solution for a range of industry participants as well as improving efficiency for the major sell side players who interact with those same counterparties. This technology is going to be transformational in the evolution of collateral processing and we look forward to supporting CloudMargin’s growth over the coming years.”
Andy Davies, CEO and co-founder of CloudMargin, said: “We are delighted that Illuminate has chosen to invest in CloudMargin.”
“This is a great validation of both our technology and the solution we have created. Illuminate has already played a role in developing better access, connections and relationships with our target market, and we look forward to partnering with them to accelerate CloudMargin’s growth and client adoption.”
CloudMargin recently announced connectivity to AcadiaSoft, the collateral messaging platform, where Beeston was a former member of the board.
The cloud-based solution, which launched in 2013, is a cross-product, cloud-based collateral and margin management technology solution.
CloudMargin was developed to cater specifically to buy-side and non-bank institutions such as corporates, hedge funds, insurers, pension funds, and asset managers.
The move marks Illuminate’s first investment in a financial technology firm since it was launched last year by Mark Beeston, now managing partner of the company.
Illuminate’s investment is the only institutional funding completed by CloudMargin as it eyes the next phase of its growth.
Beeston commented: “CloudMargin fits perfectly into our investment thesis of identifying and accelerating the growth of young companies that will lead the next stage of technology innovation within capital markets.”
“It is unique in that it offers a low cost solution for a range of industry participants as well as improving efficiency for the major sell side players who interact with those same counterparties. This technology is going to be transformational in the evolution of collateral processing and we look forward to supporting CloudMargin’s growth over the coming years.”
Andy Davies, CEO and co-founder of CloudMargin, said: “We are delighted that Illuminate has chosen to invest in CloudMargin.”
“This is a great validation of both our technology and the solution we have created. Illuminate has already played a role in developing better access, connections and relationships with our target market, and we look forward to partnering with them to accelerate CloudMargin’s growth and client adoption.”
CloudMargin recently announced connectivity to AcadiaSoft, the collateral messaging platform, where Beeston was a former member of the board.
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