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.
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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).
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