Nutmeg to raise more money through crowdfunding platform

Already raised £116m

Digital wealth manager Nutmeg is to raise more money by crowdfunding later this year, having already raised some £116m over the course of its lifetime since 2012.

The revelation comes after it recently secured £45m of investment in a funding round co-led by investment banking firm Goldman Sachs.  To source its crowdfunding investment Nutmeg said it would use Crowdcube, which it said it the world's first and largest equity crowdfunding platform. Crowdcube had £224m of investment pledged through its platform in 2018, funding 198 businesses.  Nutmeg CEO Martin Stead said: "Nutmeg was the first digital wealth manager to launch in Europe and now we're opening up ownership of our business to give eligible customers the opportunity to invest alongside...