BondLink Raises $10 Million in Series A Funding

Staff

7 years ago

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.

“BondLink was founded to move the muni bond market forward by empowering issuers with technology,” said Colin MacNaught, BondLink’s CEO and co-founder. “Public sector CFOs and treasurers can now share their data in real-time with investors. Better disclosure leads to a more efficient market, which benefits not only issuers and their investors, but taxpayers all around the country.”

BondLink will use the funds to accelerate and expand adoption of its software to the roughly 50,000 public sector bond issuers across the United States.

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