London-based fintech startup Nivaura raises £15m

Keiligh Baker's picture

London-based blockchain startup Nivaura has raised £15million in a second seed extension round led by the London Stock Exchange Group.

Participation included Santander InnoVentures, Transamerica Ventures, Aegon, MiddleGame Ventures, and the Digital Currency Group.

Nivaura, founded in 2016, automates the back-office processes for issuing debt and equity and provides digital investment banking platforms for banks and other financial firms.

The company said the funds raised will be used to “rapidly expand its leadership, business development and technical teams in order to accelerate growth”.

Nivaura also plans to enter new markets and cover other financial securities.

“We re-engineered some of our key workflows to make tokenized instruments compliant under CSDR,” said Nivaura CEO Avtar Sehra. “Then it doesn’t matter which blockchain you use – a private or public one – ultimately the token created on that chain will comply under CSDR and can be traded on a regulated trading venue.”

“The investment strengthens our existing relationship with Nivaura and underlines the Group’s partnership approach in innovating to support our clients in accessing global investment pools,” said Nikhil Rathi, the CEO of the London Stock Exchange, who is joining Nivaura’s board.