Acuity Law advises Delio on latest round of investment
Acuity are pleased to have advised Cardiff-based FinTech company Delio Ltd on their latest round of investment, which included £2m from Maven Capital Partners.
Delio's software platform is aimed at private banks, wealth managers, angel networks and investment funds to assist them with their offering by enabling them to share and access direct private market investment opportunities internally and across their networks in a structured and compliant manner. Current Delio clients include Coutts, ING and Barclays.
The latest round of investment, which also included follow on funding from Development Bank of Wales and other existing shareholders, takes Delio's fundraising to £3.3m.
The investment will support further product innovation and allow the business to scale its international sales team across key global financial locations in Europe, Asia, Middle East and North America.
Phil Pugh and Tom Saunderson lead on the transaction.