Cambridge Enterprise leads funding round for FinTech starlet
Cambridge Enterprise, the commercialisation arm of the University of Cambridge, has provided follow-on investment for Bond180, a provider of technology solutions for primary fixed income markets.
No figures are being released for the round but CE has pitched in alongside technology partners, strategic angels and venture backers.
Bond180 is a digital platform that improves the way institutional investors engage with fixed income markets. The Bond180 team combines decades of capital markets and technology experience and is backed by an industry-leading advisory and investor panel.
Founded only last year, the business offers clients three core services. The first, its Demand Management System, is a data and analytics product that helps institutional investors enhance their market-facing activity. This service will soon be brought to market via an exclusive pilot programme targeting the buy-side.
The second, 180Match, is a reverse enquiry engine that streamlines communication with the sell-side.
The third, the Issue Administration Network, offers bespoke digital asset issuance and administration services to the sell-side.
Bond180 believes capital markets are in the midst of a significant innovation cycle and has made its mission giving clients the tools they need to remain ahead of the curve.
The startup has partnered with R3, the leading enterprise-grade distributed ledger technology provider, to deliver its service on R3’s Corda platform.
Founder Phil Holbrook said: “Our mission is to help optimise financial services by leveraging collective scale and intelligence for the benefit of all. We do this by making asset sourcing and placement faster, cheaper, and better.”
James Thomas, senior investment associate at Cambridge Enterprise, added: “B2B fintech is an area of significant growth as incumbent businesses are increasingly forced to adapt and innovate, accelerated by the current environment.
“We believe fintech can flourish in the Cambridge technology ecosystem, particularly given the presence of the world-class Cambridge Judge Business School and Cambridge Centre for Alternative Finance.
“We’re delighted to back this diverse and multi-faceted team and we remain impressed with the significant progress the team has made on their product, technology and overall value proposition as they develop a transformational solution for investment businesses.”