- Versana raised $26 million in a capital round, welcoming Barclays as a new investor.
- Barclays will act as an investor, subscriber, and agent data contributor, supporting Versana’s corporate loan data platform.
- CEO Cynthia Sachs highlighted Barclays’ involvement as significant for the global syndicated loan market and its role in geographical expansion.
- Barclays’ presence in the UK and Europe is expected to help Versana with its global ambitions.
- Existing investors Bank of America, Citi, Deutsche Bank, JP Morgan, Morgan Stanley, and Wells Fargo also participated, having previously backed Versana’s $40 million raise last year.
- Versana operates a real-time digital data platform centralizing corporate loan data from administrative agents in the syndicated loan and private credit markets.
- The platform processes 4,800 different corporate loans with a combined value of $2.7 trillion and is experiencing rapid growth.
