Capital markets fintech Irwin has closed a $20 million Series A funding round.
The Series A financing round was led by K1 Investment Management, an investment firm that focuses on high-growth enterprise software companies.
Demand for Irwin’s software has increased substantially as the pandemic spearheaded uptake in digital technologies.
The Canadian fintech will use the money to scale globally and expand operations to meet demand for its investor relations and capital markets software.
Irwin also has plans to expand into new market sectors and onboard new capital markets customers.
Irwin’s all-in-one software allows companies to scale their investor relations and capital markets programs. It claims the software monitors buying and selling activity within any shareholder base and connects capital seekers with investors using data and insights tailored to each user.
Irwin CEO and co-founder David Whyte says despite widespread technological disruption taking place throughout traditional financial services, capital markets professionals are still using outdated tools and manual processes.
“With this new funding, Irwin is more committed than ever to building innovative software, data, and service solutions to support capital markets participants worldwide,” Whyte adds.