UK Free Trading Platform Completes $15m Fundingby Company Announcement November 4, 2019
Freetrade concluded $15m in fundraising in 2019, led by a $7.5m Series A investment from one of Europe’s tech-focused VC funds, Draper Esprit, pending FCA approval.
This follows the previous $7.5m crowdfunding campaigns earlier this year.
The funds will enable us to accelerate our 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!”