What is Freetrade?
Freetrade operates as a mobile-first investment platform, offering users commission-free trading of stocks and connecting them with independent financial advisors. As the first brokerage in Europe to eliminate share dealing fees and built exclusively for mobile, Freetrade has positioned itself as a disruptor in the traditional financial services industry. Its innovative approach aims to democratize access to stock market investing for a broader audience, particularly younger demographics and those new to investing.
How much funding has Freetrade raised?
Freetrade has raised a total of $122.9M across 4 funding rounds:
Series A
$15M
Series B
$69M
Debt
$37.7M
Other Financing Round
$1.1M
Series A (2019): $15M with participation from Draper Esprit and crowdfunding via Crowdcube
Series B (2021): $69M led by Left Lane Capital, Draper Esprit plc, and L Catterton Management Limited
Debt (2022): $37.7M supported by Left Lane Capital, Molten Ventures, and L Catterton
Other Financing Round (2022): $1.2M, investors not publicly disclosed
Key Investors in Freetrade
Left Lane Capital
Left Lane Capital is a venture capital and growth equity firm based in New York, specializing in high-growth consumer internet and technology companies. They focus on businesses that build strong customer relationships and aim to partner with entrepreneurs creating category-defining businesses.
Draper Esprit plc
Draper Esprit plc is a venture capital firm headquartered in London, UK, with offices in London, Cambridge, and Dublin. They invest in high-growth technology companies that possess global ambitions, supporting their expansion and development.
L Catterton
L Catterton is a global consumer-focused private equity firm that has made significant investments in consumer brands worldwide. With a history of deploying capital across various strategies, they focus on businesses within the consumer sector.
What's next for Freetrade?
The recent major strategic investment signifies a pivotal moment for Freetrade, likely indicating a move towards scaling its operations, enhancing its technological infrastructure, and potentially expanding into new geographic markets. With a focus on mobile accessibility and a commission-free model, the company is well-positioned to capitalize on the growing trend of retail investing. Future developments may include the introduction of new investment products, advanced trading features, and further integration of advisory services to provide a comprehensive investment solution.
See full Freetrade company page
