Grover reaches €100 million in Annual Recurring Revenue
Congratulations to Grover for reaching €100 million in Annual Recurring Revenue. An amazing achievement from the Grover team! A big win for the circular economy as more people embrace a more sustainable way to use technology through flexible access. Read more here.
David Kempton: “My must-have trusts for the global recovery”
‘Augmentum Fintech is one of Europe’s leading venture capital investors focusing exclusively on the fintech sector’, says David Kempton in his latest piece for Citywire.
Investors’ Chronicle: “Profit from the UK fintech boom”
Investors’ Chronicle explores the boom in late-stage venture in fintech and how investment trusts provide access to the market in their latest article.
MoneyWeek: “Augmentum Fintech – a buying opportunity for sceptics”
‘The trust has returned nearly 45% and has issued additional equity to double in size. The recent 15% drop in the share price provides a great opportunity for the sceptics to jump aboard.’
Grover raises $1 billion in new funding deal to democratise access to consumer tech
Congratulations to Grover as they announce raising $1 billion in financing, the largest financing round for a startup within the circular economy space.
Investment Week: “Crypto at ‘the point of no return’ according to the Augmentum trust”
Augmentum CEO Tim speaks to Investment Week for their latest piece to discuss the substantial changes he has seen within the fintech sector.
The Guardian: “UK fintech sector hits multibillion-pound peak of investor interest”
‘British fintech firms continue to attract huge amount of international investment…this is due to London’s continued strength as a financial centre where most business is done in English, its access to top tier universities, a diverse talent pool, and strong support from regulators and government’, says Janine Hirt, CEO of Innovate Finance.
Augmentum Fintech strengthens partnership with Tikehau Capital
We are delighted to announce our partnership with the global alternative asset management group, Tikehau Capital, who have €29.4 billion of assets under management (as of 31 March 2021) plus developed a wide range of expertise across four asset classes (private debt, real assets, private equity and capital markets strategies) as well as multi-asset and special opportunities strategies.
AltFi: “How Habito is planning to move beyond mortgages”
‘Habito One is finding traction amongst groups like older homeowners, those in their 50s who are looking for total repayment stability during the remainder of their mortgage’, says Dan Hegarty.
MarketWatch: “Augmentum Fintech Increases Target Size of Share Placing to Up to £55m”
‘The fintech-focused venture capital investor said the target size of its initial issue will now be up to £55 million ($75.9 million), increased from £40 million.’
The John Baron Portfolios: “Investment Trust of the Moment”
John Baron covers Augmentum in his latest ‘Investment Trust of the Moment’ update.
This is Money: “Our tip Augmentum Fintech rises 40% in three years – what next for investors?”
“Augmentum’s businesses are making strong progress. Annual results to March 31 this year showed that the portfolio is now valued at more than £180 million, up from £136 million in 2020.”
Financial Times: Tim Levene on bringing in more retail investors
“Augmentum was the first UK-listed venture capitalist to tap retail investors on PrimaryBid last October, and is now raising a further £40m, including from private investors.”
Female Fintech Founders Pitch Event
In May we hosted our first Female Fintech Founders Pitch Event in partnership with OutwardVC. We heard from seven brilliant early stage fintech Founders from across Europe during our live pitch event.
Investors Chronicle: Simon Thompson covers Augmentum in his latest piece
“Augmentum cashed up for new investments: Record NAV per share, Augmentum makes £22.8m investments post year-end and Portfolio companies raised £185m equity during financial year.”
Grover reaches 1 million registered customers
Grover brings the access economy to the consumer electronics market by offering a simple, monthly subscription model for technology products.
CoinDesk: Tesseract raises $25 million led by Augmentum Fintech
CoinDesk covered our latest investment in Finnish digital-asset lender Tesseract who have raised $25 million in Series A funding.
Augmentum leads Finnish fintech Tesseract’s $25m Series A round
Tesseract raises $25 million in Series A funding to strengthen institutional digital asset lending offering.
Tech Zero: Habito and Onfido are leading the climate crisis fight
Augmentum portfolio companies Habito and Onfido are working alongside other leading UK tech businesses to fight the climate crisis, accelerate progress to net zero and help consumers make greener choices through Tech Nation’s “Tech Zero” initiative.
Sifted: 2021 has been a record year for European fintech investment
So far this year, European fintechs have raised €10.4bn, trumping the €9.3bn raised across the whole of 2019 — the previous highest year on record according to Dealroom data.
