Nutmeg Secures £3.4 million funding in advance of public launch


Nutmeg, a new online investment manager, today announced that it has raised £3.4m ($5.3m) in venture capital funding in advance of its public launch later this summer. The funding was led by UK-based venture capitalists Pentech and Daniel Aegerter, the Swiss chairman of Armada Investment Group. Other investors include Tim Draper, an early investor in Skype and Hotmail, and Klaus Hommels, a board member of Spotify and formerly the “most successful European entrepreneurial private investor of the year”.

Read the full press release here.