Primary Bid raises £2m to fuel pan- European expansion

By Daniel Lanyon on 23rd September 2018


The digital wealth disruptor will use the funds to increase its reach outside of the United Kingdom.

Primary Bid raises £2m to fuel pan- European expansion

Primary Bid, the online platform that allows retail investors to buy discounted equity offerings of publicly listed companies, has closed a £2m investment round led by funds managed by Lombard Odier, family offices and a series of angel investors.

The proceeds will fuel Primary Bid’s pan European expansion plan. Launched three years ago, Primary Bid allows retail investors to participate in equity offerings at the same time and price as institutional investors and has raised more than £56m via the company’s platform doing so.

Anand Sambasivan, co-founder and CEO of Primary Bid, says one of the platform’s  key objectives is to allow pan-European retail investors access to pan-European public equity offerings at discounted rates.

“Whether a publicly listed company is issuing new equity or the government is selling down its holdings, we believe retail investors deserve the same access as institutional investors.This vision is very much in line with the European Capital Markets Union legislation, which aims to further integrate capital markets across EU states."


AltFi London Summit 2019

The UK's oldest and best-loved conference for fintech and alternative finance insiders returns for its sixth iteration at etc.venues. We'll showcase the best of the UK's digital banking, online lending and digital wealth sectors through a series of uniquely in-depth discussions and presentations. Open Banking will be in full flight, just over a year on from its launch, and will be a central theme at the event.

18th March 2019

More like this:

Digital wealth manager targets £7m fundraise

17th December 2018
Daniel Lanyon

Robo-advice News Wrap – Monday 12 June

12th June 2017
David Tuckwell

WiseAlpha launches robo-manager

23rd October 2018
George Geddes

Moneyfarm snaps up German robo adviser

22nd November 2018
Daniel Lanyon