PrimaryBid Raises $190M in Series C Funding

primarybid

PrimaryBid, a London, UK-based fintech platform that provides retail investors with fair access to public markets, raised $190M in Series C funding.

The round was led by SoftBank, via its Vision Fund 2, with participation from Molten Ventures and other previous unnamed investors (which are London Stock Exchange Group, Draper Esprit, OMERS Ventures, Fidelity International Strategic Ventures, ABN AMRO Ventures, Pentech and Outward Ventures).

Proceeds of the round will be used to expand PrimaryBid’s offering across continental Europe, leveraging key strategic partnerships with ABN AMRO and Euronext, as well as launch in new geographies including the United States. Key executive hires, including General Managers for North America and the EU, will be announced in the coming months.

Led by Anand Sambasivan, CEO, PrimaryBid is a regulated capital markets technology platform connecting public companies to their communities during fundraisings. The platform was used for the UK IPOs of Deliveroo, PensionBee and the US IPO of MCG Group (Soho House) in 2021, which used PrimaryBid to provide access to its UK members.

PrimaryBid has become fully regulated in the European Union, launched alongside Euronext in France in June 2021, and helped hundreds of thousands of individual investors participate alongside institutional investors in capital markets transactions. Sir Donald Brydon was announced as PrimaryBid’s first Chair in September 2021, bringing significant FTSE 100 company board experience and proven governance credentials at the highest levels of UK plc.

FinSMEs

21/02/2022