Nutmeg Raises Additional £12M in Series D Funding

nutmegNutmeg, a London, UK-based online investment service, raised an additional £12m in Series D funding.

Taipei Fubon Bank, the second largest financial services firm in Taiwan, made the investment.

The company intends to use the funds to continue to invest in product innovation and expand abroad.

Led by Martin Stead, CEO, Nutmeg provides an online investment management platform which specializes in investments, ISAs and pensions.
The company, which has reached around £600m in assets under management from 25,000 customers, held a £30m first close of its Series C round with investors including Armada Investment Group, Balderton Capital, Convoy, Nigel Wray, Nutmeg, Pentech, and Schroders in November 2016.



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