Illuminate Financial, the thesis-driven venture capital investor dedicated to early-stage FinTech and enterprise software companies, announced a strategic relationship with Citi. Citi joins existing investors Jefferies, J.P. Morgan, Deutsche Börse Group and S&P Global as a limited partner in Illuminate Financial’s venture capital strategy.
Together, this investor group represents a unique combination of global financial institutions, which will further extend Illuminate Financial’s deep domain expertise and industry network. To date, Citi has co-invested in eight of Illuminate’s portfolio companies – Arteria AI, TransFicc, CloudMargin, Privitar, Genesis Global, Talos, Cosaic and Blockdaemon.
Illuminate Financial Secures Strategic Investment from Citi https://t.co/q9Z66wDxdI #vc #citi #illuminatefinancial #fintech #FinTechNews
— Illuminate Financial (@IlluminateFM) July 13, 2022
Founded by veteran finance executive Mark Beeston and operated with partners Alexander Ross and Rezso Szabo, Illuminate Financial has invested in more than 30 companies addressing core challenges across financial services including digital assets infrastructure, climate and ESG, data and private markets, as well as broader enterprise solutions that target the sector.
“Citi has a strong track-record of partnering with FinTechs to build digital solutions for our clients and believe this strategic investment will provide earlier visibility into new technologies and complement our direct investing program,” said Sandeep Arora, Head of Digital and Chief Investment Officer of Citi’s Institutional Clients Group.
“Citi has been an aggressive adopter of the innovative solutions offered by FinTechs and an active direct investor in 25% of our portfolio companies since we launched Illuminate’s first fund in 2015,” said Mark Beeston, Founder and Managing Partner of Illuminate Financial. “We are delighted to now add Citi to our roster of strategic investors, helping further catalyse enterprise FinTech adoption to the benefit of the whole eco-system.”
Source: Illuminate Financial
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
🏆 The 2026 Global Markets Choice Awards are here! 🌍 Nominations are officially OPEN for the celebration of excellence in global capital markets trading & technology. Nominate below:
https://www.jotform.com/form/260086385121150
Delaware Life Insurance Company is becoming the first insurance carrier to offer an index that contains cryptocurrency, adding the BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index to its fixed index annuity (FIA) portfolio.
As the digital assets industry pushes toward
Franklin Templeton is expanding its tokenized fund suite, signaling growing institutional demand for blockchain-based fund infrastructure and regulated investment products moving onchain. Read the full article below:
$50 billion in active ETF inflows helped fuel a record year for @BlackRock 's iShares business, as investors continue to lean into active strategies.
Related articles
-
Establishment of the branch is part of Northern Trust’s broader European expansion strategy
-
The digital depositary receipts use blockchain infrastructure operated by SIX to tokenize private shares.
-
2026 is expected to be a pivotal year amongst competing models for global money movement.
-
Institutions will connect onchain activity with traditional payment rails.
-
They will receive ETP shares with exposure to spot crypto.