Deutsche Börse’s DB1 Ventures acquires stake in WeMatch as part of Series B funding round
Summary
Deutsche Börse’s DB1 Ventures has acquired a minority stake in front-office focused FinTech company WeMatch as part of their $19.5 million Series B equity funding round. The deal closed on 30 September, with additional investors in the funding round including Augmentum Fintech, Illuminate Financial and existing shareholder JP Morgan. “The digitalisation of workflows combined with seamless access to large liquidity pools at market infrastructure providers has been driving the collaboration between WeMatch and Deutsche Börse; hence, this investment makes perfect sense and further strengthens our partnership,” said Matthias Graulich, member of the Eurex Clearing Executive Board at Deutsche Börse. “We are thrilled to have completed this Series B and to welcome DB1 Ventures, Illuminate Financial, and Augmentum FinTech PLC as new investors, in addition to receiving the continued support from our existing shareholders,” says Joseph Seroussi, co-CEO of WeMatch. “The combination of the significant synergies with a leading European exchange like Deutsche Börse, the continued support of our banking partners JP Morgan and Société Générale, and the contribution of impactful FinTech VCs like Illuminate Financial and Augmentum, will help us deliver our project to digitise capital market workflows on a global scale for both sell-side and buy-side Institutions.”