Nutmeg

Nutmeg Saving and Investment Limited, is a digital discretionary investment management firm, which makes every investing decision in the interests of its clients, as opposed to merely offering a trading platform.

Company Overview: 

  • Nutmeg was founded in the year 2011;
  • Headquartered in Vauxhall, London, United Kingdom;
  • Founders:
    • Nick Hungerford, who was the company’s former Chief Executive Officer (CEO) and Director,
    • William Todd, who was the company’s former Chief Technology Officer (CTO),
  • The firm has had eight fundraising rounds, where it managed to raise a sum total of around 153.6 Million US Dollars.
  • Nutmeg was acquired by the US-based investment bank and financial services holding MNC, JPMorgan Chase and Co, in the month of June, 2021.

Also, Read Fintech Journey of Success Allica Bank London

Fundraising Rounds and Investors:

  • In the month of June, 2012, the company had its Series A round of funding, where it raised around 3.4 Million Pound Sterling (GBP). The investors of this round were:
    • London-based Venture Capital (VC) and private equity firm, Pentech Ventures LLP;
    • Timothy Cook Draper, as an angel investor;
    • Daniel Simon Aegerter, as an angel investor;
  • In the month of June, 2014, the company had its Series B round of funding, where it raised around 28.8 Million Euros (EUR). The investors of this round were:
    • London-based Venture Capital (VC) company, Balderton Capital;
    • California-based Venture Capital (VC) and private equity firm, Draper Associates;
    • London-based asset management firm, Schroders PLC;
    • San Francisco-based Venture Capital (VC) and private equity firm, Flight Ventures
    • Timothy Cook Draper, as an angel investor;
    • Charles William Dunstone, as an angel investor;
    • Daniel Simon Aegerter, as an angel investor;
  • In the month of November, 2016, the company had its Series C round of funding, where it raised around 33.6 Million Euros (EUR). The investors of this round were:
    • London-based Venture Capital (VC) company, Balderton Capital;
    • Switzerland-based investment firm, Armada Investment AG;
    • London-based Venture Capital (VC) and private equity firm, Pentech Ventures LLP;
    • London-based asset management firm, Schroders PLC;
    • Hong Kong-based insurance company, Convoy Global Holdings Limited;
  • In the month of December, 2016, the company had its Series D round of funding, where it raised around 13.4 Million Euros (EUR). The investor of this round was:
    • Taiwan-based banking institution, Taipei Fubon Bank;
  • In the month of January, 2019, the company had its late VC funding round, where it raised around 45 Million Pound Sterling (GBP). The investors of this round were:
    • US-based investment bank and financial services MNC, Goldman Sachs;
    • Hong Kong-based insurance company, Convoy Global Holdings Limited;
  • In the month of June, 2019, the company had another late VC funding round, where it raised around 3.8 Million Pound Sterling (GBP). The investors of this round were:
    • UK-based investment crowding platform, Crowdcube;

Nutmeg is the United Kingdom’s leading online wealth manager, having expertise in General Investment Account (GIA), Junior Individual Savings Accounts ( ISAs), stocks and shares Individual Savings Accounts ( ISAs),pensions and Lifetime Individual Savings Accounts (ISAs).

Also, Read Fintech Journey of Success London Based Online Bank Monzo

Leave a Reply

Your email address will not be published.

SUBSCRIBE TO OUR NEWSLETTER