We’re excited to share that we’ve concluded $15m in fundraising in 2019, led by a $7.5m Series A investment from one of Europe’s top tech-focused VC funds, Draper Esprit, pending FCA approval.
This follows the previous record-breaking $7.5m crowdfunding campaigns earlier this year.
The funds will enable us to accelerate our already rapid growth, hire a world-class team, double down on engineering hires and market expansion. By scaling the team, we’ll be able to dramatically improve the brokerage space and consumer experience in Europe, where we’ll expand early next year. 🇪🇺
Speaking about the round, our CEO and founder Adam Dodds said:
“This marks a pivotal moment for us as we continue to build a smooth and cost-effective investing app in the UK and Europe. We’re thrilled to have Draper Esprit, a VC firm with similar values and who’s committed to enabling everyone to get a slice of the companies of tomorrow, join us on this journey. From the beginning, we’ve been focused on making Freetrade the home screen app for investing. With this investment, we’ll be able to level up our team and further develop our proprietary technology that will enable us to launch our new investment platform, providing users with the option to purchase not only US but UK and European fractional shares — a world first!”
Simon Cook, Chief Executive Officer of Draper Esprit, said:
“Freetrade are on a mission to open up investment opportunities for everyone, as are we. In this sense, their mission is totally aligned with our own, as a rare tech-focused VC listed on the stock exchange. The company have shown exceptional growth in the short time since they first launched the platform last year. We could not be more delighted to support with Adam, Viktor, Ian and their wider team as they enable Europe’s 100 million millennials to benefit from the world’s economic growth.”
In the meantime, if you have any questions you can head to the community thread where you’ll also find links to media coverage of the story, including the exclusive story on TechCrunch.
And as you’d guess based on the above, we’re hiring. Check out our latest opportunities if you’d like to join the team!
Special thanks to all our customers, shareholders, and community members that made this amazing milestone happen.
Important Information
This should not be read as personal investment advice and individual investors should make their own decisions or seek independent advice.
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. Past performance is not a reliable indicator of future results.
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).
