CloudMargin completed a $15M Series B capital round from Deutsche Börse, Deutsche Bank and Citi.

CloudMargin, a London, UK-based developer of a collateral and margin management solution native to the cloud, secured a $15 million Series B capital raise.

The money was raised from a range of investors including Deutsche Börse, along with Tier-1 global investment banks and current clients Deutsche Bank and Citi. Proceeds will be used to further innovate the platform and technological capability to deliver an enhanced product and service for clients and partners.

CloudMargin, founded 2014 and led by CEO Stuart Connolly, provides a cloud-based collateral management workflow tool for sell-side and buy-side financial institutions globally – including brokerage firms, banks, asset management firms, pension funds and insurance companies – as well as outsourcers and other technology firms meet time-critical regulatory deadlines and reduce costs associated with collateral requirements. With more than 20 integration partnerships, the company is a collateral management solution provider member of the SWIFT network, facilitating processing through settlement.

Prior to this round, CloudMargin raised about $20M with investors including IHS Markit, Jefferies and Illuminate Financial.