Total amount raised
$160 Million
Latest funding date
6/1/2023
Location
Freetrade has successfully raised funding over 14 rounds, with the latest being an Equity Crowdfunding round. The platform is backed by 13 investors, including Crowdcube.
Keep reading to explore the intricacies of Freetrade's fundraising journey and the investors backing this innovative platform.
What Is Freetrade?
Freetrade, based in London, England, is a commission-free platform for self-directed investing. The company operates in the Financial Services, FinTech, Personal Finance, and Wealth Management industries.
Founded in an unspecified year, Freetrade has grown to employ between 251 and 500 people. The platform offers various account types, including Stocks and Shares ISA, Personal Pension (SIPP), and General Investment Account (GIA), and has been recognized for its user-friendly interface and cost-efficiency.
How Much Funding Has Freetrade Raised?
- Equity Crowdfunding
- Amount Raised: USD 2,272,239
- Date: June 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: GBP 225,000,000
- Motivation Behind the Round: To double down on UK customer growth, expand in Europe, and launch new products and features.
- Convertible Note
- Amount Raised: USD 2,104,810
- Date: September 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure additional capital for operational expenses and future growth.
- Debt Financing
- Amount Raised: USD 30,000,000
- Date: May 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's expansion and operational needs.
- Equity Crowdfunding
- Amount Raised: USD 8,363,177
- Date: November 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enhance product offerings.
- Series B
- Amount Raised: USD 69,000,000
- Date: March 2021
- Lead Investors: Left Lane Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand market reach.
- Equity Crowdfunding
- Amount Raised: USD 7,099,999
- Date: May 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund product development and market expansion.
- Series A
- Amount Raised: USD 12,000,000
- Date: October 2019
- Lead Investors: Molten Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance platform capabilities and user experience.
- Equity Crowdfunding
- Amount Raised: USD 3,793,410
- Date: June 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and operational needs.
- Equity Crowdfunding
- Amount Raised: USD 1,927,630
- Date: April 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund initial growth and product development.
- Equity Crowdfunding
- Amount Raised: USD 3,516,630
- Date: July 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To launch the platform and attract early users.
Freetrade has raised a total of USD 140,078,524. The current valuation is GBP 225,000,000.
Key Investors
- Crowdcube
- Details: Crowdcube is a leading equity crowdfunding platform based in the UK. It allows startups and growing businesses to raise capital from a large pool of investors.
- Investment Focus Areas: Technology, Consumer Goods, Financial Services
- Notable Investments: Revolut, Monzo, BrewDog
- Left Lane Capital
- Details: Left Lane Capital is a venture capital firm that focuses on high-growth internet and consumer technology companies. They are known for their hands-on approach and strategic support.
- Investment Focus Areas: FinTech, Consumer Technology, E-commerce
- Notable Investments: GoStudent, M1 Finance, MasterClass
- Molten Ventures
- Details: Molten Ventures, formerly known as Draper Esprit, is a venture capital firm that invests in high-growth technology companies across Europe. They focus on long-term partnerships with their portfolio companies.
- Investment Focus Areas: Software, Hardware, HealthTech
- Notable Investments: Trustpilot, Graphcore, UiPath
What's Next for Freetrade?
Freetrade is poised to capitalize on significant opportunities, including doubling down on UK customer growth and expanding into Europe. With over 1.4 million registered users and £1.4 billion in assets, the potential for growth is substantial. The company plans to introduce new features like mutual funds and tax reporting, catering to the increasing demand for comprehensive financial services.
Future fundraising efforts are likely, given the recent success of their crowdfunding round, which raised £2,272,239. This financial boost will support their ambitious expansion plans and product development. However, Freetrade must navigate challenging market conditions and regulatory hurdles as they scale operations and enter new markets.
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