Backers included LVC, the venture investing arm of Leucadia National Corporation (NYSE: LUK), the publicly traded investment holding company and parent of Jefferies, the global investment banking firm, IHS Markit (Nasdaq: INFO), a provider of critical information, analytics and solutions, and Illuminate Financial Management.
The company intends to use the funds for product development, scale sales, partnerships and marketing efforts in both established and new regions.
Led by CEO Steve Husk, CloudMargin provides a cloud-based collateral management workflow tool which enables financial institutions globally – including exchanges, brokerage firms, banks, asset management firms and insurance companies – to meet time-critical regulatory deadlines and reduce costs associated with collateral requirements.
The company has more than doubled its client base over the past 12 months, adding global and regional asset managers, sell-side and regional banks, hedge funds and insurance brokers in Europe, the US and Asia Pacific.
FinSMEs
10/04/2018