London Stock Exchange Leads Blockchain Firm Nivaura’s $20M USD Seed Roundbr>
Blockchain firm Nivaura has announced the closing of its seed round after raising a total of $20 million. The round was led by the London Stock Exchange (LSE) with participation from Santander InnoVentures, Linklaters, Orrick, Aegon’s Transamerica Ventures, MiddleGame Ventures, Digital Currency Group, and Spencer Lake, the former head of global markets at HSBC.
Founded in January 2016, Nivaura is offering modular digital platform solutions for end-to-end automation for issuance and administration of debt, equity, and structured notes. The company claims that it has already proven the platform in the administration of an automated cryptocurrency denominated bond issuance supported by Allen & Overy.
Nivaura said that the latest funding will be used to expand its tech team and move into new asset classes and jurisdictions.
“Our focus for 2019 is on conducting a series of high profile, large-scale projects with high calibre partners to demonstrate our platform as a valuable solution across the full spectrum of capital markets primary issuance activities,” said Nivaura CEO Avtar Sehra. “Working with such partners with their wealth of experience will underpin our next phase of growth.”