Versana announced the closing of a $26 million capital raise with the addition of Barclays as an investor in its centralized and real-time digital data platform. The company’s existing investors Bank of America, Citi, Deutsche Bank, J.P. Morgan, Morgan Stanley and Wells Fargo also participated in this round. Plus, Barclays joins as a subscriber and provider of its agented corporate loan data, becoming the tenth bank to commit to Versana’s next-generation platform.
Adding Barclays as a key stakeholder advances Versana’s plans to expand globally. And Barclays’ long-established foothold in the U.K. and Europe, along with its franchise in the U.S., further strengthens Versana’s mission.
Versana’s rapid growth is further evidenced by having over 4,800 corporate loan facilities (Revolvers, Term Loan As and Term Loan Bs) hitting $2.7 trillion in commitments on its industry-leading platform.
KEY QUOTES:
“The significance of bringing Barclays in as an investor, subscriber and agent data contributor is a huge win for the global syndicated loan market. Their significant commitment, alongside meaningful follow-on investments from our existing investors, validates the market’s confidence in our game-changing platform.”
“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. We’re excited to welcome Barclays and greatly look forward to further developing this valuable relationship.”
– Versana’s Founding CEO Cynthia E. Sachs
“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. 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.”
– Tim Hartzell, Global Head of Portfolio Management at Barclays
