RetailBook, a London-based platform that provides retail investors access to primary capital market transactions on the same terms as institutional investors, has announced a £4.5 million funding round led by Augmentum Fintech, a prominent investor in the European fintech sector.
In February, RetailBook expanded its operations by bringing on board the former PrimaryBid Capital Markets Team, known for their experience in retail inclusion.
The combined team has now worked on more than 400 equity and debt transactions across the UK and Europe.
Augmentum joins existing investors Peel Hunt, Jefferies, Rothschild & Co and Hargreaves Lansdown in supporting RetailBook’s plans to grow its product offering, strengthen its platform capabilities and establish new partnerships with retail brokerage services.
James Deal, Co-Chief Executive of RetailBook, said:
“Our goal remains the delivery of comprehensive public inclusion. Retail investors are a crucial component of vibrant capital markets and we are excited by the pipeline of truly exceptional companies that are considering London as their listing venue.”
Tim Levene, Chief Executive of Augmentum, who will join RetailBook’s board, commented:
“We have had a relationship with the RetailBook team for some time, and their work to democratise investment access directly reflects Augmentum’s core mantra. With recent market reforms focused on enhancing UK market liquidity and the government’s emphasis on unlocking diverse capital pools, RetailBook is poised to play a crucial role.”
Featured image: Edited by Fintech News Switzerland, based on image by diloka107 via Freepik
