Primary Portal: Raises £5.3M in Funding

Primary Portal Raises £5.3M in Funding

• Primary Portal, a London, UK-based provider of platform for deal information, raised £5.3M in funding
• The round was led by Dutch Founders Fund, with participation from Flow Traders
• The company intends to use the funds to expand operations and its business reach entering the US market, and to extend its offerings
• PrimaryPortal provides a digital platform that aggregates and digitises equity capital market deals for fund and flow traders
• When looking at the dashboard, clients can see live IPOs, recently priced ABOs, Convertibles, rights issues, and other equity products
• The company has established itself with over 50 banks and 1,000 active users throughout Europe and Asia, and launched its offering in the US market at the beginning of November