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When I started Freetrade, with little more than an idea and a pitch deck, I was clear on one thing: I wanted to create a product that helped to get everyone investing.
Today, we take another crucial step that will help us continue on that mission and supercharge our growth.
We’re excited to announce our Series B investment round led by New York-based growth equity firm, Left Lane Capital.
L Catterton, one of the world’s largest investors in consumer brands, and our existing investor, Draper Esprit, also participated in the round.
The oversubscribed round is expected to be worth in excess of £50m ($69m USD), as we’re also making a secondary opportunity available to all existing shareholders.
These global funds join our existing shareholder register, which includes over 13,000 individual investors from seven previous, record-breaking crowdfunding campaigns.
Our crowdfunding investors have been some of our strongest supporters from day one, and they have also been a constant source of encouragement.
This fundraising follows a period of significant growth that saw registered users pass 600,000, and Q1 2021 trade volumes exceed £1bn, and the opening of international offices in Stockholm and Brisbane.
We’ve added thousands of new stocks, ETFs and investment trusts in the last year, and we’ve rolled out our low cost SIPP, to help more people save for retirement.
The funds will accelerate Freetrade’s growth in international markets and allow the team to scale our product and technology.
We’ve doubled the size of our team in the last twelve months and we’re hiring to fill a huge number of exciting new roles. For more information on the latest opportunities to join the Freetrade team, check out our careers page.
The full completion of the investment round is subject to FCA approval.
When you invest, your capital is at risk. The value of your portfolio can go down as well as up and you may get back less than you invest.
Freetrade is a trading name of Freetrade Limited, which is a member firm of the London Stock Exchange and is authorised and regulated by the Financial Conduct Authority. Registered in England and Wales (no. 09797821).
