finnCap is pleased to announce it has invested in the successful Series "A" fundraising for PrimaryBid, the online investment platform focused on AIM companies.
PrimaryBid will allow private investors to gain access to placings, fund raisings and IPOs of AIM-listed companies. The Company raised a total of £500,000 in its Series "A" fundraising, and announced the formal launch of its investment platform today, 3rd March 2016.
Sam Smith, CEO of finnCap, said:
“We believe it is important to offer the same investment opportunities to investors of all types. We are therefore delighted to be working with PrimaryBid to provide access to fundraisings for retail investors. It brings a simple crowdfunding approach to IPOs and fundraisings, and this could also improve market liquidity”.
Dave Mutton, COO of PrimaryBid added:
“We are excited to be now formally launching PrimaryBid and being in a position to announce the successful Series "A" fundraise. It is critical to PrimaryBid’s success that we gain the trust of individual investors and the support of the City community. The fund raising has shown that brokers and other institutions support the concept of allowing private investors to gain the same access to investing opportunities in AIM-listed companies that they currently enjoy. Indeed, we would expect institutions to also use the platform alongside individual investors, helping us create a service that will become an integral part of any new share issue on AIM”.