Proxymity is a technology company.
Proxymity has raised $73.0M across 4 funding rounds.
Proxymity has raised $73.0M in total across 4 funding rounds.
Proxymity is a fintech company providing a digital investor communications platform that connects issuers, intermediaries, and investors in real-time, streamlining proxy voting and shareholder disclosure processes to eliminate manual data entry and paper-based workflows.[1][3][5] Its core products—a proxy voting solution offering post-meeting confirmations and up to nine extra days for research, and a shareholder disclosure platform automating ID requests in compliant formats—serve public companies, institutional investors, and financial institutions globally, addressing inefficiencies in AGM/EGM communications and SRD II compliance.[1][2][4][5] Backed by major players like BNY Mellon, Citi, Deutsche Bank, HSBC, J.P. Morgan, and State Street, Proxymity has demonstrated strong growth, with reported revenue around $21 million, industry awards such as AST "Best Asset Servicing Technology 2023" and Global Custodian's "FinTech of the Year (Asia) 2023," and expanding partnerships like Clearstream's US network integration in early 2025.[3][5][6]
Proxymity originated in 2017 within Citigroup in London, when two Citi employees, Dean Little and Jonathan Smalley, developed the concept as a digital proxy voting solution through Citi's D10X innovation program.[4][5] The idea quickly gained traction: in November 2017, four major institutional investors—Aviva Investors, Legal & General Investment Management, Aberdeen Standard Investments, and Robeco—piloted the platform at four AGMs, including one FTSE 100 meeting.[4] It won Global Custodian's Innovation in Securities Services Technology award in March 2018, launched in the UK that year and Australia in 2019, and by May 2020 had supported 561 Australian AGMs and 3,000 meetings across Europe and Australia.[4]
In April 2020, Proxymity spun out as an independent company, raising capital from a consortium of ten strategic investors managing over $200 trillion in assets under custody, including BNY Mellon, BNP Paribas, Citi, Computershare, Deutsche Bank, Deutsche Börse, HSBC, J.P. Morgan, Mediant, and State Street.[3][5] This shift enabled industry-wide adoption, positioning it as a neutral, scalable platform trusted by the world's largest financial institutions.[1][5]
Proxymity rides the trend toward digital transformation in capital markets, targeting the outdated, manual proxy voting and disclosure processes that hinder transparency and efficiency in a $200+ trillion custody ecosystem.[1][3][5] Timing is ideal amid rising regulatory pressures like SRD II, growing ESG demands, and post-pandemic shifts to digital infrastructure, amplified by partnerships with giants like Deutsche Börse and Clearstream for US voting and private market enhancements.[2][5] Market forces favoring it include custodians' need for competitive asset servicing differentiation and investors' push for faster, verifiable voting amid complex global meetings.[5] By standardizing communications, Proxymity influences the ecosystem, promoting industry-wide efficiency, reducing environmental impact from paper processes, and enabling innovations like DLT collateral mobilization, as seen in recent collaborations.[2][5]
Proxymity is poised for accelerated global expansion, leveraging its neutral model and recent integrations (e.g., Clearstream's US link in 2025) to capture more markets like private funds and emerging regions.[2][5] Key trends shaping its path include AI-driven compliance, blockchain for voting, and stricter ESG reporting, where its scalable platform provides a strong foundation.[1][5] Its influence may evolve from niche innovator to industry standard, potentially through further acquisitions or API ecosystems, solidifying its role in real-time investor communications amid digitizing custody chains—echoing its origin as a bold spinout transforming manual legacy processes.[3][4][5]
Proxymity has raised $73.0M in total across 4 funding rounds.
Proxymity's investors include Citi Ventures, Montauk Ventures, Moonshots Capital, Oak HC/FT, Sahin Boydas.
Proxymity has raised $73.0M across 4 funding rounds. Most recently, it raised $15.0M Series B in April 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 1, 2022 | $15.0M Series B | Citi Ventures, Montauk Ventures, Moonshots Capital, Oak HC/FT, Sahin Boydas | |
| Mar 1, 2022 | $6.0M Series B | Citi Ventures, Montauk Ventures, Moonshots Capital, Oak HC/FT, Sahin Boydas | |
| Dec 1, 2021 | $31.0M Series B | Citi Ventures, Montauk Ventures, Moonshots Capital, Oak HC/FT, Sahin Boydas | |
| May 1, 2020 | $21.0M Series A | Citi Ventures, Montauk Ventures, Moonshots Capital, Oak HC/FT, Sahin Boydas |