Participated · Series C · Jan 2025

Fundment provides a unified technology platform that streamlines administrative and operational processes for financial advisers, combining integrated core platform services, back-office tools, discretionary investment management, and adviser portals. Its proprietary stack supports tax wrappers, custom APIs, and automated workflows to help firms adhere to complex regulation. The platform covers OEICs, unit trusts, investment trusts, ETFs and domestic and international equities and features integrations with firms such as Legal & General, BlackRock and HSBC. Fundment reports that over 500 firms rely on its platform. The company plans to use new funding to invest in product development, scale the team, and pursue international expansion. Fundment positions itself to address advisers' needs for tailored data tracking and analysis amid rising regulatory pressure. Fundment is an investment platform serving financial advisers, wealth managers and their clients. The platform offers end-to-end solutions, including back-office tools and discretionary investment management. Over the next 12 months it plans to launch numerous products, including a corporate workplace pension and an auto-enrolment solution. Founder and CEO Ola Abdul said the business has grown rapidly in the last 12 months and is onboarding around two new wealth clients weekly. Fundment will use the funding to fast-track new products, develop functionality and enter additional UK segments as part of its UK expansion. ETFS Capital's chairman Graham Tuckwell characterised Fundment as having robust foundations and demonstrating the value of a Digital First approach.

Participated · Equity · Oct 2024

21.co is the Switzerland-based parent of crypto ETP issuer 21Shares, founded in 2018 by Ophelia Snyder and Hany Rashwan. The firm offers crypto ETPs, broad token solutions and a decentralised software platform to create, list and manage ETPs globally. It said it will use new financing to drive rapid, targeted growth through first-of-their-kind products, key market expansions and strategic talent acquisitions. The company ran as much as $3bn in assets under management in November 2021. Headcount has increased by 75% since September 2021, with recent hires including Sherif El-Haddad, Oliver Schäfer and Marina Baudéan. Its valuation stands at $2bn following the latest fundraise. Amun Holdings is the parent of 21Shares, which launched the world’s first physically backed cryptocurrency ETP in 2018 on the SIX Swiss Exchange. As of May 2021, 21Shares manages more than $2 billion across 14 cryptocurrency ETPs, including the only ETPs tracking Binance, Bitcoin Cash, Tezos and recently Stellar, Cardano and Polkadot. The company emphasizes institutional-grade research and product development for the developing crypto asset class. Management says it is seeing unprecedented investor demand and plans to expand its ETP product suite globally this year. Hany Rashwan is cited as Co‑Founder and CEO, and Catherine Wood serves as an independent member of Amun’s board. The firm positions itself as a first mover and innovator in exchange-traded crypto products.

Participated · Series A · Sep 2024

Neat builds embedded affinity insurance products that partner retailers sell to their customers, taking a full-stack role as a managing general agent. The company creates rates, products and policies in-house using its compliance and actuarial teams while outsourcing risk to insurers and reinsurers. Neat emphasizes a broad, multi-vertical approach (about 10 verticals) to mutualize risk and capture synergies across use cases such as smartphone, travel and hearing-aid insurance. It works with retailers and distributors so partners earn commissions without handling insurance complexity directly. Customers and partners include Floa, Pierre et Vacances, Afflelou and Krys. Neat currently works with 1,500 distribution partners and those partners have sold over 1 million insurance products. Neat offers an embedded insurance solution that combines state-of-the-art technology with human integrations to enable retailers to provide tailored insurance products to customers. The platform is designed so merchants can focus on selling while Neat handles coverage and customer interactions. Founded in May 2022 by Fabien Cazes and Maximilien Dauzet and based in Paris, the company has already attracted over 100 customers, including Floa Bank, Casino, Maeva, and Ecox. Neat intends to use its new funding to expand internationally and grow its headcount. The business positions itself at the intersection of tech and human service to deliver efficient coverage for client customers. The article does not disclose revenue figures.

Led · Series B · Sep 2024

Cognitive Credit provides specialist data and analytics software for institutional investors in corporate credit markets. Its product combines proprietary data collection with a web-based application, automated credit models updated within minutes of earnings releases, and workflow tools for credit professionals. Coverage spans US and European investment grade bonds, high yield bonds, and leveraged loan markets. The company plans to use new funding to expand into additional markets and to invest in algorithmic debt valuation and AI solutions. Cognitive Credit counts leading asset managers, hedge funds, and investment banks as clients, including 100% of the top 10 global high yield league table banks. Since its Series A in late 2021 the company has quadrupled its client base, more than doubled its internal team, and increased ARR by over 7x. Cognitive Credit offers data-driven software that combines productivity tools with analytical features to streamline corporate credit analysis and reduce repetitive data processing. Its platform is designed to free investment teams to focus on higher-value work and is used by leading investment banks, asset managers, hedge funds, and financial/legal advisory firms. The company plans to launch multiple products across global credit markets in the coming year. Proceeds from the recent raise will be used to extend market leadership, grow the team, and support expansion into the US market. Cognitive Credit is hiring across engineering, commercial, and data divisions in both the UK and US. To date the company has raised £10 million in total funding.

Led · Series A · Jan 2024

WealthKernel provides investment, savings and wealth infrastructure over API, enabling firms to offer products such as ISAs, GIAs and SIPPs. Its core product is an investment infrastructure platform that lets customers launch digital wealth and investment services in a flexible, cost-effective way. The company serves businesses that need buildable investment and wealth functionalities rather than retail end users directly. Led by CEO Karan Shanmugarajah, WealthKernel has recently expanded its services, including a new entry into the US equities market. The firm intends to use new funding to expand across the European market and strengthen its market presence. No revenue or user metrics are disclosed in the article. WealthKernel is a London-based SaaS provider of wealth management solutions and digital investment infrastructure, founded in 2015. It supplies API-driven building blocks — from client onboarding to portfolio management and custody — for firms and financial advisors. The platform is optimized for serving non-traditional clients and currently custodies millions of pounds for thousands of retail clients across the UK and Europe. In January 2022 the company raised $7.0M in a Series A+ extension led by XTX Ventures with participation from Digital Horizon, Big Start Ventures, and existing investor ETFS Capital. The funds will be used to expand into new European markets, bolster its team, and support integration of intraday trading into its offering. The round extends its $6.0M Series A from 2020.