Sprout, a London, UK-based provider of a platform for underserved private investors to access a curated selection of venture capital funds, raised $1M in Pre-Seed funding.
Contributors to the round include a selection of family offices and angel investors – most notably Latin America’s largest private market placement agent, and early backers of Wise, Pipe and Betway.
The company intends to use the funds to scale its platform and accelerate growth.
Co-founded by private market specialists Jonny Blausten, Daniel Lehmann, and PwC Raise Ventures founding member Rich Abrahams, who earlier this month took up the role as Chief Investment Officer, Sprout provides a platform that gives underserved investors access to venture capital funds. By providing this access, the company empowers investors to, from as little as £5,000 but with no maximum, benefit from the upside potential of private markets, helping them to build diversified portfolios that mitigate the risk of investing in individual businesses.
Underserved investors include professionals who are typically priced out by the high minimums required for VC investment, Ultra High Net Worth or High Net Worth individuals who lack access to VC funds through their wealth managers or private banks, and Family Offices who seek education on how to choose the best VCs.
In just over a year, Sprout has already partnered with a diverse portfolio of leading venture capital firms on its platform, including Speedinvest, G Squared and Episode 1 Ventures, and has facilitated millions of pounds of investment from a community of more than 500 private investors.
FinSMEs
23/02/2023