PrimaryBid Raises $190M in Series C Funding

PrimaryBid, a fintech platform situated in London, United Kingdom, that offers equitable access to public markets for retail investors, raised $190M in Series C funding.

With the help of its Vision Fund 2, SoftBank led the investment, which also included Molten Ventures and other previously unknown investors (which are London Stock Exchange Group, Draper Esprit, OMERS Ventures, Fidelity International Strategic Ventures, ABN AMRO Ventures, Pentech and Outward Ventures).

The money raised will be used to launch PrimaryBid in new markets, including as the United States, and to expand the company’s service across continental Europe by utilising its strong alliances with ABN AMRO and Euronext. In the upcoming months, major senior hires, including General Managers for North America and the EU, will be revealed.

PrimaryBid is a regulated capital markets technology platform that connects public firms to their communities during fundraising and is led by CEO Anand Sambasivan. the US IPO of MCG Group (Soho House) in 2021, which used PrimaryBid to provide access to its UK members, and the UK IPOs of Deliveroo, PensionBee, and Deliveroo.

In June 2021, PrimaryBid and Euronext started in France under full EU regulation, enabling hundreds of thousands of individual investors to participate alongside institutional investors in capital market operations. In September 2021, Sir Donald Brydon was named as PrimaryBid’s first Chair. He brings substantial board expertise with FTSE 100 companies and a track record of strong governance at the highest echelons of UK plc.