BondLink Raises $10 Million in Series A Funding

Fintech company BondLink announced a $10 million financing round led by Franklin Templeton Investments, one of the largest municipal bond fund managers in the country. The Series A financing included participation from Coatue.

BondLink provides a cloud-based software-as-a-service investor platform to issuers who rely on private capital to fund the construction of roads, bridges, schools, tunnels and other public infrastructure. Roughly 75 percent of the country’s public infrastructure is built and maintained by state and local governments, which on average issue more than $1 billion in bonds every day in the bond market.