DLA Piper advises 10x Future Technologies on USD187m Series C funding

DLA Piper has advised 10x Future Technologies on the successful completion of an oversubscribed USD187 million Series C financing round, co-led by funds managed by BlackRock and Canada Pension Plan Investment Board (CPP Investments) and supported by existing investors JPMorgan Chase, Nationwide, Ping An and Westpac.

The London-based technology company 10xbanking will use the funding to support its expansion plans into new markets, including North America, as well as further investment into the development of the cloud native 10x SuperCore™ platform.

The DLA Piper London-based team was led by Corporate partners Tom Heylen and John Pryor.

Tom Heylen, commented: “We are proud to support 10x’s strategy as they look to expand into new geographies as well as to continue building more technology for its flagship platform. 10x is playing a key role at the heart of transformations taking place in financial services, and this funding round represents another significant milestone in their journey to become the operating system of choice for leading banks across the globe.”