RetailBook
a firm backed by Peel Hunt, has raised £4.5 million in a fundraising round led by London-listed investment fund Augmentum Fintech.
Established in 2022, RetailBook provides a platform for participation that increases access to primary capital markets for private investors. With the same terms as institutional investors, users can access investment possibilities like initial public offerings (IPOs), follow-on placements, and bond offerings.
RetailBook
As it seeks to diversify its product offerings across additional asset classes and establish new alliances with retail broking platforms, Augmentum Fintech, which is already supported by Peel Hunt, Jefferies, Rothschild and Co., and Hargreaves Lansdown, has joined the startup’s capital table.
“We have had a relationship with the RetailBook team for a while, and their work to democratise investment access directly reflects Augmentum’s core mantra,” stated Tim Levene, chief executive of Augmentum Fintech, who will be joining the RetailBook board.
“RetailBook is well-positioned to play a significant role given the government’s emphasis on opening up diverse capital pools and recent market reforms aimed at improving UK market liquidity.”
James Deal, the co-founder of RetailBook and current co-CEO, was one of nine top managers that RetailBook stole from competitor investment site PrimaryBid earlier this year.
“We are excited to use Augmentum’s vast network and experience in the fintech industry, and we are happy to welcome them,” Deal added.
Delivering complete public inclusion is still our aim. Vibrant capital markets depend heavily on retail investors, and we are thrilled by the stream of genuinely remarkable businesses that are thinking about listing in London.
