WealthTech platform PrimaryBid lands $190m

PrimaryBid, the FinTech platform that provides retail investors with fair access to public markets, has closed a $190m Series C investment round.

The round was led by SoftBank Vision Fund 2, with participation from existing investors.

PrimaryBid’s platform enables individual investors to share in a company’s success by giving issuers a safe and frictionless way to include their stakeholders and loyal communities at IPO and subsequent capital markets transactions, alongside institutional investors.

PrimaryBid said the funding will be used to expand its offering across continental Europe, leveraging key strategic partnerships with ABN AMRO and Euronext, as well as launch in new geographies including the US.

Since its $50m Series B round, PrimaryBid said it has experienced a period of accelerating growth in 2021, with sustained adoption of its platform by high profile public companies, IPO candidates, and the UK capital markets ecosystem. The company also expanded its geographical and product footprint by expanding its API services into Europe, conducting its inaugural transaction in France, and launching a new retail bond product.

Anand Sambasivan, CEO and co-founder of PrimaryBid, said, “Our ambition is to democratise public market offerings through a combination of technology, data and advocacy. Our platform deepens the relationships public companies have with their stakeholders and helps them make their equity and debt offerings more inclusive.”

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