2014’s biggest investments: Nutmeg £21.2m
Balderton Capital and Schroders investment taking wealth management platform’s funding to $50m
Fast growing online ‘discretionary wealth manager’ Nutmeg closed an estimated £21.2m ($32m) capital raise from a group of high net-worth investors including Balderton Capital and Schroders, taking the companies total funding to around £33.2m ($50m) since launch. Founded in 2012 by Nick Hungerford and William Todd, the investment is expected to be used primarily on customer acquisition and product development.
Read more about the deal here.