TreasurySpring, a London, UK-based financial technology company that operates a Fixed-Term Fund platform, secured more than $10m in Series A funding.
The round was co-led by MMC Ventures and Anthemis Group, with participation from existing investors ETFS Capital.
The company, which has now raised more than $15m since its first external capital injection in November 2017, intends to use the funds to continue to expand operations, , with a particular focus on sales and marketing, and its business reach.
Founded in 2016 by Kevin Cook, Matthew Longhurst and James Skillen, TreasurySpring provides a Fixed-Term Fund platform that enables all holders of large cash balances to minimize risk and maximize returns, providing digital access to a diverse menu of proprietary cash investments. Through a single online onboarding, clients can already choose from 120+ investment options on a daily basis. Launched in September 2019, TreasurySpring has already issued more than $9B of FTFs to its institutional client-base including FTSE 100 and other listed companies, IGO’s, fund managers from the Private Equity, Venture Capital, Real Estate and Hedge Fund sectors, large private companies, charities and family offices.