Capital markets automation startup Nivaura has raised a £9.4 million ($11m) funding round at a post-money valuation of GBP 25 million ($29.4m). The company recently partnered with Natwest for a bond issuance using the London Stock Exchange’s DCM FLow platform that is powered by Nivaura. Its technology involves smart legal documents, digital term sheets and the workflow to arrive at a deal.
Update: Nivaura says the $11m was the conversion of a previously issued convertible bond, but provided no additional details.
The Nivaura solution is often used in conjunction with blockchain. Earlier this year, Natwest and Nivaura were involved in a trial of the Fnality blockchain-based settlement platform backed by 16 institutions.
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