Participated · Equity · May 2018

Moneyfarm, founded in 2012, offers digital wealth management including multi-asset portfolios backed by active and passive funds and a Platform-as-a-Service used by institutions such as Allianz and UniCredit. It serves over 80,000 clients and manages more than GBP 2.2 billion in assets. The company plans to use new funding to bolster its product offering, support future development, and build partnership models by offering its digital wealth management as a module for other financial institutions to integrate. As part of its commercial activity, Moneyfarm's PaaS will be used by partners to launch direct digital investment offerings. The company has previously raised capital and, to date, has raised a total of GBP 139 million. Moneyfarm provides digital wealth management services combining digital investment advice, human guidance and fully-managed portfolios, and it leverages API capabilities to enable partnerships across Europe. The company plans to use the new funding to roll out its wealth management services to investors across Europe and to integrate its offering with partner platforms. Moneyfarm has over 40,000 customers across the UK, Italy and Germany and reported a third successive year of revenue growth for the 2018 financial year. Turnover increased 61% in the year to 31 December 2018, while group assets under management grew over 80% year on year to £734m. The firm has formed partnerships with large financial institutions, including an exclusive multi-asset product with Allianz for the German market. Co-founded by Chairman Paolo Galvani and CEO Giovanni Daprà, the company is based in Milan and London. Moneyfarm is an online investment advisor and one of the largest digital wealth management companies in Europe, operating from Milan and London. Co-founded in 2011, it uses a hybrid model that combines technology with a team of traditional advisors to serve retail clients. The company is regulated by the UK’s Financial Conduct Authority and Italy’s Consob and today has over 27,000 clients in Italy and the UK. Moneyfarm employs about 90 people across London, Milan and Cagliari. It raised €46M in new funding, bringing total funding to over €70M, and intends to use the proceeds to consolidate its presence in Italy and the UK, grow abroad, extend its product offering and expand its team. MoneyFarm is an online wealth-management platform that provides independent investment advisory to small savers. It blends technology and financial services expertise to deliver digital wealth-management services from offices in Milan, Cagliari and London. Founded in March 2011 by Paolo Galvani and Giovanni Daprà, the company has a team of over 60 people across three offices. MoneyFarm's community counts more than 60,000 savers. Financially, the company previously raised approximately $19 million from venture investors including Cabot Square Capital, United Ventures and Principia, and most recently received a strategic investment from Allianz (size undisclosed). The article does not detail future plans, valuation or specific product roadmaps. MoneyFarm offers a digital wealth management platform that provides independent investment advisory services to small savers. Its proprietary technology creates a unique customer profile based on investment targets and risk propensity. A team of experts continuously monitors customers' investments and provides recommendations to rebalance portfolios according to market trends. The company raised €16m in venture capital funding from Cabot Square Capital and United Ventures. MoneyFarm intends to use the funds to continue scaling the business and is hiring. The firm was founded in March 2011 and is based in Milan and London; Paolo Galvani is President and Giovanni Daprà is CEO.

Participated · Equity · Apr 2016

Sardex operates a commercial credit platform that uses online accounts and a digital local currency to let professionals and companies finance themselves reciprocally. The system converts unexpressed productive capacity into liquidity to cover recurring costs and fund investments. It offers credit and payments tools and value-added promotion services that complement traditional banking. The model began in Sardinia and has been replicated across multiple Italian regions. As of 2015 the network counted more than 3,000 participating companies generating over €50m in transactions. The company plans to expand operations nationwide and launch in additional regions including Umbria and Veneto.