BullionVault, a London, UK-based online service which provides investors with a platform to buy and own 100% physical gold, has received a £12.5m equity investment.
New shareholders include the market development organisation for the gold industry, World Gold Council, and Lord Rothschild-backed Augmentum Capital, a private-equity fund focused on technology investments.
In conjunction with the funding, Tim Levene, Partner at Augmentum, and Marcus Grubb, Managing Director of Investment at the WGC, will join BullionVault’s board of directors.
Launched in April 2005, BullionVault now stores over 20 tonnes of gold for its users in its accredited professional bullion‐market vault of London, Zurich or New York.
It is a full member of professional trade‐body the London Bullion Market Association (LBMA).