Citigroup completed the spin-off of Proxymity in a $20m deal.

Citigroup, an American multinational investment bank, completed the spin-off of Proxymity, a digital investor communications platform, in a $20m deal. "We’re extremely proud of what Proxymity has achieved so far within Citi since we developed the platform in 2017. To date, Proxymity has supported over 3k shareholder meetings and, after successful pilots, we’ve fully launched the platform in the UK, Germany, The Netherlands, Belgium, Austria, and Australia, as well as a pilot in Spain. The establishment of this strong consortium is a vote of confidence in Proxymity’s future and overall vision and we look forward to growing the team and suite of products to deliver Proxymity to more institutions around the world," Dean Little, Proxymity CEO.