‘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.’
Congratulations to Grover as they announce raising $1 billion in financing, the largest financing round for a startup within the circular economy space.
Augmentum CEO Tim speaks to Investment Week for their latest piece to discuss the substantial changes he has seen within the fintech sector.
‘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.
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.
‘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.
‘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.’
John Baron covers Augmentum in his latest ‘Investment Trust of the Moment’ update.
“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.”
“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.”
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.
“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 brings the access economy to the consumer electronics market by offering a simple, monthly subscription model for technology products.
CoinDesk covered our latest investment in Finnish digital-asset lender Tesseract who have raised $25 million in Series A funding.
Tesseract raises $25 million in Series A funding to strengthen institutional digital asset lending offering.
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.
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.
Augmentum’s Tim Levene and Ellen Logan spoke to Insider Intelligence about the disruptive potential of decentralised finance (DeFi).
“As the economy improves we expect fintechs to continue to grow the market shares they have won over the last 18 months…we are seeing an increase in investor appetite for fintech and we believe this trend will continue”, says Tim Levene.
Augmentum’s Tim Levene spoke to AltFi for their Alternative Lending State of the Market Report 2021.