Versana closed a $26 million capital raise with the addition of Barclays as an investor in its centralized, real-time digital data platform. Existing investors Bank of America, Citi, Deutsche Bank, J.P. Morgan, Morgan Stanley and Wells Fargo also participated in this round. In addition, Barclays joins as a subscriber and provider of its agented corporate loan data, becoming the 10th bank to commit to Versana’s next-generation platform.
“The significance of bringing Barclays in as an investor, subscriber and agent data contributor is a huge win for the global syndicated loan market,” Cynthia E. Sachs, founding CEO of Versana, said. “Their significant commitment, alongside meaningful follow-on investments from our existing investors, validates the market’s confidence in our game-changing platform.”
“As a global leader in the debt capital markets, we are thrilled to join Versana to support their U.S. growth, as well as lead them into the U.K. and European markets in the coming year,” Tim Hartzell, global head of portfolio management at Barclays, said. “We’re excited to partner with our industry peers in this much needed initiative and accelerate the long-awaited digital transformation of this important asset class.”
“As we leverage and scale our core digital data product into new innovative solutions, Barclays is the perfect partner to help us expand geographically to modernize the global syndicated loan market from front to back,” Sachs said. “We’re excited to welcome Barclays and greatly look forward to further developing this valuable relationship.”
