Delio raises $8.3m in round led by Octopus Ventures

Delio, a private markets access FinTech, has raised a further $8.3 million in a growth funding round led by Octopus Ventures.

The UK-based FinTech, which digitises access to private markets for banks, wealth managers and other financial firms, is aimed at creating greater investor access to alternative assets such as private equity, private debt and real estate.

The investment round was led by Octopus Ventures, with additional investment from early-backers Maven Capital Partners, and brings the total equity funding raised by Delio since it was founded in 2015 to $15.5m.

Announcing the raise, Delio said that private markets have become increasingly attractive to both institutional and individual investors.

Delio said it would use the investment to further enhance Delio’s international operations and lay the foundations of its non-conflicted private markets infrastructure.

This digital network will “connect capital raisers, financial institutions and investors on a global scale and share investment opportunities on an institution-to-institution basis,” the company said.

Delio said its technology powers the private markets platforms of more than 90 financial institutions worldwide, including Barclays, UBS and Sumitomo Mitsui Trust Bank.

Commenting on the fundraise Gareth Lewis, chief executive and co-founder of Delio said: “With investor demand at an all-time high, there is a lot of noise around how institutions overcome the traditional barriers to private markets. We’ve taken a different approach, creating white-labelled technology that acts as the digital building blocks on which firms can scale their propositions.

“The growth funding from Octopus Ventures validates this approach and strengthens our plan of stimulating greater connectivity between financial institutions, capital raisers and investors.”

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