IHS Markit and Leucadia National both invested in collateral management platform developer CloudMargin, which will use the cash for sales, marketing and product development.

CloudMargin, a UK-based developer of collateral management software, raised $10m yesterday from investors including information and analytics provider IHS Markit and LVC, the venture capital arm of investment holding group Leucadia National.

VC firm Illuminate Financial Management also took part in the round alongside undisclosed additional existing investors, having backed a series A round of undisclosed size for the company in March 2017 after investing an undisclosed sum two years earlier.

Founded in 2014, CloudMargin offers cloud-based software that helps…