London-based fintech startup Proxymity has successfully raised $26 million in its latest funding round to enhance its digital proxy voting and shareholder communication platform. The funding was backed by prominent financial institutions, including BNP Paribas, J.P. Morgan, and Citi Ventures, reinforcing the industry’s confidence in Proxymity’s mission to modernize investor relations and corporate governance.
Revolutionizing Shareholder Communications
Founded in 2020 as a Citi-backed venture, Proxymity has emerged as a leading innovator in corporate governance technology. The platform provides real-time, transparent, and accurate proxy voting solutions, allowing institutional investors to engage more effectively with issuers without intermediaries.
Traditional proxy voting processes are often slow, opaque, and susceptible to inefficiencies due to multiple layers of intermediaries. Proxymity eliminates these issues by leveraging blockchain technology and secure digital communications, ensuring that investors’ voices are heard in corporate decision-making.
“The future of investor communications lies in transparency, efficiency, and security,” said Dean Little, co-founder and CEO of Proxymity. “This funding allows us to further develop our technology and scale our solutions to meet the growing demand for seamless shareholder engagement.”
Investment to Drive Global Expansion
With this new funding, Proxymity plans to expand its presence across Europe, North America, and Asia-Pacific, strengthening its position as the leading platform for digital proxy voting and corporate governance.
“Proxymity is transforming the way investors and issuers interact,” said Sarah Collins, Managing Director at J.P. Morgan. “Their solution brings a much-needed shift toward efficiency and accountability in the proxy voting space.”
The funds will be allocated toward:
- Enhancing technology infrastructure to provide faster, more secure shareholder communication.
- Expanding market reach to onboard more institutional investors and public companies.
- Developing new features, including AI-driven insights to enhance corporate governance transparency.
The Rising Demand for Digital Proxy Voting
The proxy voting industry has long struggled with outdated systems that lead to delayed or inaccurate vote processing. With regulatory pressure increasing globally, financial institutions and corporations are seeking better solutions to ensure that shareholder voices are accurately represented.
Proxymity’s platform aligns with global efforts to modernize governance practices, supporting institutional investors, custodians, and issuers in making voting more direct and accountable. The company has already facilitated over 100 million shareholder votes and aims to significantly increase this figure in the next year.
Challenges and Opportunities
While Proxymity is leading the shift toward digital proxy voting, challenges remain in achieving widespread industry adoption. Legacy systems, regulatory fragmentation, and resistance to change pose hurdles to seamless implementation.
However, industry experts believe that platforms like Proxymity will become indispensable as corporate governance regulations evolve and digital transformation becomes a priority for financial institutions.
“Adoption of digital proxy voting is not just an option—it’s becoming a necessity,” said Mark Reynolds, a fintech analyst. “Companies and investors alike are recognizing the value of Proxymity’s solution in making voting more accessible, accurate, and secure.”
Looking to the Future
With the fresh injection of funds, Proxymity is well-positioned to revolutionize shareholder engagement. The company’s roadmap includes partnerships with more global custodians, asset managers, and stock exchanges to integrate its technology across different jurisdictions.
“Technology is reshaping governance, and we’re proud to be at the forefront of this movement,” said Little. “Our vision is to make shareholder participation seamless, empowering investors to have a stronger voice in corporate decision-making.”
Proxymity’s successful $26 million funding round underscores the growing importance of digital solutions in corporate governance. By streamlining proxy voting and shareholder engagement, the company is setting new standards for transparency and efficiency in the financial sector.
As the demand for digital governance solutions grows, Proxymity’s expansion and technological advancements will play a crucial role in shaping the future of investor communications worldwide.