Deutsche Börse is investing in the capital market fintech Primary Portal

DB1 Ventures has been joined by existing shareholders Dutch Founders Fund and Flow Traders in raising capital for Primary Portal, the London-based startup founded by equity capital veterans John Bentinck and Ilan Leshem.

With over 90 banks and 400 institutional investors using the platform, Primary Portal is digitizing the still largely analog, labor-intensive and error-prone space of equity issuance by creating the infrastructure that makes capital markets systems interoperable.

The company wants to use the findings to expand its offering, in particular by connecting asset managers’ order management systems to banks and providing data and analysis tools.

Stefan Maassen, Head of Capital Markets and Corporates at Deutsche Börse, says: “By digitizing communications and workflows, Primary Portal paves the way for efficient connectivity between asset managers and banks in equity issuances, thereby improving the process for companies to raise capital.”