Canada-based capital markets fintech Irwin has closed a $20 million series A financing round.
K1 Investment Management, a firm that focuses on high-growth enterprise software companies, led the round, which will fund Irwin’s plans to scale its global team and operations to meet demand for its suite of investor relations and capital markets software solutions.
They monitor buying and selling activity within any shareholder base, and identify and connect capital seekers with investors using data and proactive insights tailored to each user.
David Whyte, chief executive officer and co-founder of Irwin, comments: “With this new funding, Irwin is more committed than ever to building innovative software, data, and service solutions to support capital markets participants worldwide.”
“It’s gratifying to partner with an investor who recognises our vision—we couldn’t be more proud to collaborate with K1 to bring modern technology to the forefront of the industry.”
In August, Irwin welcomed an additional executive hire, Marissa Homère, who joined the team as vice president of marketing.
The company also recently launched a new mobile app for iOS and Android, and Research, Estimates, and Transcripts data feeds, integrating financial data directly into its platform from FactSet.
Tarun Jain, senior vice president at K1, says: “As evidenced by its incredible growth, Irwin has built an innovative platform that is revolutionising the investor relations software market.”
“We see an immense opportunity in this underserved sector to modernise capital markets solutions, and Irwin is uniquely positioned to deliver on a global scale. We couldn’t be more excited to partner with David, Mark and the entire Irwin team to help them achieve their vision.”