The spherical was led by very long time backer Gasoline Ventures, which first invested within the enterprise in 2020. A four-week crowdfund additionally gave Wombat customers and broader neighborhood entry to the spherical and closed 300% over goal, contributing to a complete elevate of £4.2m.
Recognised by App Radar because the quickest rising funding app in 2021, the corporate studies a current upsurge in novice buyers – its core demographic – flocking to its vary of theme-based exchange-traded funds (ETFs) and curated UK, US and EU fractional shares.
With the Sequence A funding now in place, Wombat plans to broaden internationally – first into Europe, the place it estimates it has a complete addressable market of 100m customers – and improve its funding in advertising and marketing and product improvement.
Kane Harrison, CEO and co-founder of Wombat. “Towards a vastly difficult macroeconomic backdrop, we felt it was acceptable to hunt funding with a good valuation and we really feel our determination was rewarded with a elevate that may assist us obtain our speedy targets when it comes to progress, enlargement into Europe and product improvement.”,Micro-investing agency Wombat has closed a £4 million Sequence A spherical to help forthcoming product launches and worldwide enlargement plans.,
