Nutmeg, a London, UK-based start up that operates an online investment manager which will be publiclly launched later this summer, has raised £3.4m (approximately $5.3m) in funding.
The round was led by Pentech and Daniel Aegerter, with participation from Tim Draper and Klaus Hommels.
Led by CEO Nick Hungerford, Nutmeg is developing an investing service that offers a transparent way of making savings and investments work intelligently towards real-life goals. Users can create diverse portfolios with a sum as low as £1,000 (or monthly contributions of only £100), and move, top-up or withdraw their money.
The service is regulated by the FSA.
The company is currently accepting members who will be able to begin investing when the service opens to the public.
FinSMEs
18/06/2012