You are here: Home - Investing - Experienced Investor - News -

Nutmeg raises more than £3m of crowdfunding cash

0
Written by: Emma Lunn
21/06/2019
Digital wealth management firm Nutmeg smashed its crowdfunding target in just a few hours yesterday.

Investors ploughed in £2.5m in just a few hours and within 24 hours had pledged more than £3m, double Nutmeg’s £1.5m target.

The money raised means more than 1 per cent of the Nutmeg’s ownership has now been ear-marked for about 1,300 crowdfunding investors.

These investors are entitled to the same preference share class as the recent institutional funding round co-led by Goldman Sachs in January which saw it secured £45m of investment.

Crowdfunding investors who are not Nutmeg customers will have access to the round after existing clients were given early access.

Martin Stead, Nutmeg chief executive, said: “Our customers are our greatest advocates and we wanted to give them an opportunity to invest in, as well as with, a business they’ve helped to make a success.

“All of our shareholders – institutional and crowd – have my commitment that everyone at Nutmeg HQ will work tirelessly to deliver shareholder value. With their support, we’ll be able to help even more people reach their life goals with our award-winning investment strategy.”

As well as shares in Nutmeg, crowdfunding investors also receive perks. Those who pledge at least £5,000 become ‘super-users’, with a first look at new product developments and the chance to feedback about the user experience.

For £25,000, investors are also entitled to VIP customer support. Those who invest £50,000 become super users, get VIP support and also cheaper fees on their Nutmeg investments.  Investors contributing £100,000 or more join the ‘inner circle’ and, as well as the other perks, can attend a roundtable with the firm’s chief investment officer Shaun Port to discuss future investment trends and Nutmeg’s investment strategy.

Nutmeg announced its crowdfunding campaign in March and plans to raise up to £10m in total.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Autumn Statement: Everything you need to know at a glance

Yesterday Chancellor Jeremy Hunt made his first fiscal statement in the role, outlining a range of tax measure...

End of Help to Buy: 10 alternatives for first-time buyers

The deadline for Help to Buy Equity Loan applications passed on 31 October. If you’re a first-time buyer who...

Moving to an energy prepayment meter: Everything you need to know

As households struggle with the soaring cost of energy, tens of thousands of billpayers are expected to move o...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Five tips for surviving a bear market mauling

The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...

Money Tips of the Week