The Series A round was led by a major financial sector player.
BondLink, a two-year-old startup offering a cloud-based platform for public agencies to sell bonds, has raised $10 million from investors.
Franklin Templeton Investments led the round with participation from Coatue Management. The Series A round brings up BondLink’s total capital raised to $12 million.
It’s been a busy couple of years for the young company, which was co-founded by former Massachusetts Assistant State Treasurer for Debt Management Colin MacNaught. Since it launched, the company has already attracted big customers like the states of Florida and Georgia and the city of Chicago. The company has also attracted higher education institutions and transit agencies as customers.
The company builds investor relations websites for those customers, aiming to provide them with a streamlined way to disclose information to bond buyers. The portals also offer data analytics to users, as well as compliance tools.
"Public sector (chief financial officers) and treasurers can now share their data in real time with investors,” MacNaught said in a press release. “Better disclosure leads to a more efficient market, which benefits not only issuers and their investors, but taxpayers all around the country."