We have advised BMLL Technologies (BMLL) on its $21 million strategic investment. 

The funding round was led by Optiver with continued backing from existing investors Nasdaq Ventures, FactSet and IQ Capital's Growth Fund, and additional investment from CTC Venture Capital. 

Optiver’s investment comes at a time of continued accelerated growth for BMLL. BMLL has built up significant global traction by offering data and analytics that cover global Equities, ETFs and Futures from more than 100 global trading venues, at Level 3 granularity.

The latest investment follows BMLL’s Series B round, which we have also advised on, that secured a $26 million strategic investment from FactSet, Nasdaq Ventures and IQ Capital’s Growth Fund in October 2022. 

Commenting on the transaction, corporate partner Howard Palmer says: "We are delighted to be supporting BMLL on another exciting milestone. From October 2022's $26 million Series B round to the recent round in September 2023 with Snowflake Ventures' participation, BMLL is continually expanding and we're glad to be part of this journey together. We look forward to seeing the business being scaled further into a global offering."

Nigel Medhurst, CFO and COO of BMLL comments: "We are thrilled to welcome Optiver as a significant shareholder and are delighted to have the ongoing support from our existing investors who have backed the latest round. Thank you to the Taylor Wessing team who have once again proven themselves as reliable partners and provided exceptional advice that ensured a smooth process for all involved." 

The deal was led by partner Howard Palmer, senior counsel Richard Faichney, and senior associate Bella Thornton-Clark in the corporate team.