Blockchain startup Nivaura raises $20M in seed funding led by London Stock Exchange

Blockchain startup Nivaura has raised $20 million in a seed funding round led by the London Stock Exchange (LSE), Finextra reported.

The round also drew support from Santander InnoVentures, Linklaters, Orrick, Aegon's Transamerica Ventures, MiddleGame Ventures, Digital Currency Group, and Spencer Lake, the former head of global markets at HSBC.

Founded in January 2016, Nivaura is a capital markets technology company that offers modular digital platform solutions for end-to-end automation for issuance and administration of debt, equity, and structured notes. The startup was selected in the fourth cohort of the UK Financial Conduct Authority’s (FCA) regulatory sandbox.

The company said that it will use the funding to expand its tech team and move into new asset classes and jurisdictions.

“Our focus for 2019 is on conducting a series of high profile, large-scale projects with high calibre partners to demonstrate our platform as a valuable solution across the full spectrum of capital markets primary issuance activities. Working with such partners with their wealth of experience will underpin our next phase of growth,” Nivaura’s CEO, Avtar Sehra, said.

According to Finextra, Nivaura and the LSE have previously worked together on the issuance of tokenised securities under the FCA regulatory sandbox.