Neptune Networks Raises $15M From 13 Major Global Banks
Neptune Networks closed a $15 million funding round in June 2020, with participation from an extensive roster of global banks including Bank of America, Barclays, BBVA, BNP Paribas, Citi, Crédit Agricole CIB, Credit Suisse, Deutsche Bank, Goldman Sachs, ING, J.P. Morgan, Morgan Stanley, and UBS. Neptune operates a data platform for the bond market, delivering real-time axe and inventory data from 28 dealers to institutional buy-side clients.
The platform offers multiple access channels including API connectivity, OMS/EMS integration, and a web-based portal. The breadth of bank investors reflects the strategic importance of API-driven financial data infrastructure to capital markets participants. The funding was intended to support Neptune's expansion of its connectivity options and data services.
This investment highlights a trend of banks backing infrastructure fintech that enables more efficient embedded data distribution across financial ecosystems.
- Major banks are co-investing in API-driven data infrastructure fintechs that serve capital markets
- Growing demand for embedded, real-time financial data delivered via APIs signals BaaS principles extending beyond retail into institutional finance