Building Freetrade

Freetrade completes $15m funding

Viktor Nebehaj

October 31, 2019

Viktor Nebehaj

We’re excited to share that we’ve concluded $15m in fundraising in 2019.

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).

The views expressed above are those of community members and do not reflect the views of Freetrade. It is not investment advice and we always encourage you to do your own research.

Sign up for our newsletter

Simple pricing plans

£0.00/mo

Accounts

GIA pink
General investment account

Benefits

  • Commission-free trades (other charges may apply. See full pricing table.)
  • Fractional US Shares
  • Access to more than 1,500 stocks, including the most popular shares and ETFs
£4.99/mo

Accounts

GIA white
General investment account
ISA
Stocks and shares ISA

Benefits
Everything in Basic, plus:

  • Full range of over 6,000 US, UK and EU stocks and ETFs
  • Automated order types
  • Advanced stock fundamentals
  • 1% on uninvested cash, up to a maximum of £2,000
NEW
£9.99/mo

Accounts

GIA white
General investment account
ISA
Stocks and shares ISA
SIPP white
Self-invested personal pension (SIPP)

Benefits
Everything in Standard, plus:

  • 3% on uninvested cash, up to a maximum of £4,000
  • Priority customer service
  • Freetrade Web beta

Download the app to start investing now



When you invest your capital is at risk.