The London-based venture capital firm founded by a former head of post-trade at Icap, who has for the past three years appeared on Financial News's Fintech 40 power list, has backed a UK company that helps firms publish and share data more securely.

Illuminate Financial Management, the fintech investment firm founded in 2014 by former Deutsche Bank and Icap executive Mark Beeston whose fund backers include Deutsche Börse and financial information provider Markit, has led a £3 million investment round in Privitar, the two companies announced in an August 3 statement.