Total amount raised
$89.8 Million
Latest funding date
10/1/2022
Location
Shares has successfully raised funding over four rounds, with notable investors including Serena Williams and Venus Williams. The platform offers advanced investing technology solutions, catering to both retail and wealth management sectors.
Keep reading to explore the intricacies of Shares' fundraising journey and the investors backing this innovative platform.
What Is Shares?
Shares is a social investment platform based in London, England, United Kingdom. The company operates in the finance and technology sectors, specifically focusing on apps, financial services, and fintech. Shares allows anyone to invest without minimums, making it accessible to a broad audience.
Founded with the vision of democratizing investment, Shares has grown to employ between 101-250 people. The company has successfully raised funding through multiple rounds, attracting notable investors like Serena Williams and Venus Williams. Shares also offers advanced investing technology solutions, catering to both retail and wealth management sectors.
How Much Funding Has Shares Raised?
- Seed Round
- Amount Raised: USD 10,000,000
- Date: August 2021
- Lead Investors: Singular
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial product and market entry.
- Series A
- Amount Raised: USD 40,000,000
- Date: March 2022
- Lead Investors: Valar Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial growth and development.
- Series B
- Amount Raised: USD 40,000,000
- Date: July 2022
- Lead Investors: Valar Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand across Europe and incorporate new community-centric features.
- Series Unknown
- Amount Raised: Not publicly disclosed
- Date: October 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the growth and development of the platform.
Total Amount Raised: USD 90,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- Valar Ventures
- Details: Valar Ventures is a venture capital firm that led the Series A and Series B funding rounds for Shares. James Fitzgerald, a partner at Valar Ventures, has expressed confidence in the platform's growth and innovation.
- Investment Focus Areas: Innovative social trading companies, fintech, technology.
- Notable Investments: Shares, TransferWise, N26.
- Singular
- Details: Singular is a venture capital firm that led the Seed funding round for Shares. The firm is known for investing in early-stage technology companies.
- Investment Focus Areas: Technology, fintech, startups.
- Notable Investments: Shares, Revolut, Deliveroo.
- Serena Williams
- Details: Serena Williams is a professional tennis player and a notable investor in Shares. She has a keen interest in technology and startups.
- Investment Focus Areas: Technology, health, wellness.
- Notable Investments: Shares, Tonal, MasterClass.
- Venus Williams
- Details: Venus Williams is a professional tennis player and an investor in Shares. She is involved in various business ventures and investments.
- Investment Focus Areas: Technology, fashion, wellness.
- Notable Investments: Shares, Ellevest, Jamba Juice.
What's Next for Shares?
Shares is poised for significant growth as it plans to expand into 40 new markets across Europe. This expansion, coupled with the introduction of community-centric features and potential integration of crypto assets, presents a substantial opportunity for the platform to attract a broader user base and enhance user engagement.
Given the successful Series B funding round, future fundraising opportunities seem promising. The company may seek additional funding to support its ambitious growth plans and further development. However, Shares will need to navigate regulatory challenges in new markets and ensure the platform's security, especially with the addition of crypto assets.
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