Delio collects £3.3m in funding to support growth of its sales teams

Delio, which offers private asset infrastructure as a service, has collected a £3.3m in a new funding round.

Maven Capital Partners, a UK-Based private equity firm, supplied £2m to the round, with the remaining funds coming from existing Delio investor Development Bank of Wales. The investment from Maven could increase to £3m if a further tranche is required.

These funds will be used to support the growth of its international sales team across Europe, Asia, the Middle East, and North America.

Launched in 2015, the Welsh FinTech company designs configurable software for private banks, wealth managers, family offices, angel networks, and investment funds to offers improved trading experiences. Its technology optimises the distribution, transaction, and reporting of private equity, private debt, real estate, social impact and fund investment opportunities.

Delio gives institutional investors the ability to deliver full investment details to their current and potential client base via Delio’s portal, as well as give clients a consolidated view of their investments.

Gareth Lewis, Chief Executive at Delio, added: “The financial support will enable us to accelerate our hiring roadmap in key geographies, whilst continuing to look at how our flexible technology infrastructure and expertise can support the increasing number of organisations looking to do more in private markets. In doing this, we have identified a number of exciting ancillary opportunities where we can believe we can deliver further value to our clients.

“We as a team are hugely excited to be partnering with Maven and look forward to what’s in store for Delio during the next part of our journey.”

Prior to this investment, Delio picked up £1m in funding from Development Bank of Wales in late 2017.

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