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Fuse cohort member Nivaura poised for further growth

27 February 2019

Nivaura, one of the original members of Allen & Overy’s Fuse cohort, has closed a strategic seed funding round, raising $20m from a number of prominent partners.

Founded in London in 2016, Nivaura was the first company invited to work in Fuse, Allen & Overy’s collaborative tech innovation space, in September 2017. Having participated in all of the first four FCA regulatory sandboxes, during which it gained its MiFID and CASS regulatory approvals, Nivaura were supported by Allen & Overy in the world’s first automated cryptocurrency denominated bond issuance. 

Alongside Allen & Overy, The London Stock Exchange Group, Santander InnoVentures and Transamerica Ventures (a wholly owned Aegon subsidiary) have invested in the regulated FinTech company focused on automating the issuance and administration processes for financial instruments.

Phil Smith, Partner at Allen & Overy, commented: "We have been working with the team at Nivaura since they first joined Fuse and it is evident they are going from strength to strength. We have incorporated their platform in to the work we do for our clients, resulting in very positive outcomes.  .

"Their work is hugely important and we welcome further collaboration with them."

For further information, please contact Rajiv Pattni, Rajiv.Pattni@allenovery.com, on +44 (0)20 3088 1237

 

Related links

Nivaura executes world’s first automated cryptocurrency bond issuance supported by Allen & Overy