Augmentum Fintech has made its first investment into the capital markets space.
The investment trust, which also includes Zopa in its portfolio, has invested $5m (£3.7m) in a series B funding round for capital markets trading software platform Wematch.
The total funding round, which was led by Deutsche Börse, raised $19.4m and was also backed by US investment bank JP Morgan.
Wematch is headquartered in Tel Aviv and has offices in London and Paris.
Its software is used by 40 banks, 17 fund managers and more than 1.000 traders across Europe and the US to support their broking services.
“This is Augmentum’s first investment into the capital markets space, where we have been convinced for some time that innovative fintech solutions could improve market efficiency,” Tim Levene, chief executive of Augmentum Fintech, said.
“Wematch is already active in multiple asset classes and is leveraging technology to change how market participants interact, helping reduce operational risk while controlling costs thanks to their differentiated subscription model. As such, Wematch makes a compelling addition to the portfolio.”
It comes after Augmentum Fintech raised £55m through an oversubscribed share placing earlier this year.