Inclusion comes after its share price bounce-back and the growing valuation of its portfolio.
Augmentum will be added to the constituents of the FTSE SmallCap Index, which counts the 351st to the 619th largest-listed LSE companies, and by extension it’ll be added to the FTSE AllShare Index.
“Since our IPO just over two years ago we have built a balanced portfolio of diversified and differentiated fintech companies,” said CEO Tim Levene.
“Our ambition remains to grow the fund to enable us to continue investing across our portfolio companies, and to seek out other exceptional fintech opportunities in both the UK and the wider European market”.
In recent months Augmentum’s share price has quickly recovered to its pre-coronavirus levels, giving the fund a market capitalisation of around £121m.
Recent deals including Onfido’s $100m raise and Previse’s $11m have both pushed the valuation on Augmentum’s portfolio higher.