BNP Paribas Securities Services plans to adopt the platform in multiple markets, and becomes the ninth major global financial institution to join the Proxymity Consortium

Proxymity, the leading digital investor communications platform, announced today that BNP Paribas Securities Services has invested $6 million in its latest Series B fundraising. BNP Paribas Securities Services, one of the world’s largest custodian banks, is the ninth major global financial institution to join the Consortium backing Proxymity.

• Investment extends Series B, its second round of funding, with an additional $6m, bringing the total raised to $37 million
• Proxymity will use funds to further expand the company’s platform in key global markets to deliver digital end to end investor communications
• Original Consortium Investors BNY Mellon, Citi, Computershare, Deutsche Bank, Deutsche Börse, J.P. Morgan, and State Street also participated

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The initial stage of Series B fundraising of $31 million was announced by the company in December 2021, a total invested entirely by existing members of the original consortium. The series was extended to BNP Paribas Securities Services, and this investment is aligned with the purpose and ambitions of the Proxymity team to accelerate market adoption and unlock the benefits of digital investor communications for the whole industry ecosystem.

Since its launch in April 2020, Proxymity has delivered significant growth providing digital access to over 12,000 meetings in over 25 markets worldwide. As announced previously, the company will use the new funds to expand further their product and market footprint, drawing on the platform’s capabilities in delivering digital global investor communications.

Co-founder and CEO Dean Little commented, “We’re delighted to welcome BNP Paribas Securities Services to the Proxymity Consortium. Immediately, this investment enhances our global reach and brings us closer to our vision.” He added “We are now backed by seven of the top ten global custodians, representing over $200 trillion in assets under custody.  Together, they are helping to fuel both the international level of interest in Proxymity and supporting our commitment to improving the ecosystem for everyone.”

Bruno Campenon, Head of the Financial Intermediaries and Corporates Client Line at BNP Paribas Securities Services, said, “Proxymity is changing investor communications by connecting issuers and investors through a transparent, real-time, and efficient digital ecosystem. We at BNP Paribas Securities Services are delighted to be part of this initiative.”

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