RetailBook, a platform designed to empower retail investors by providing access to primary capital market transactions on par with institutional investors, has successfully raised £4.5 million in a funding round led by Augmentum Fintech.
Established in 2015, RetailBook marked its entry into the retail investment space with its inaugural IPO. The company has since developed strategic alliances with notable partners, including Crowdcube, Hargreaves Lansdown, Jefferies, Deutsche Numis, and Rothschild & Co.
In the past year, RetailBook has facilitated retail investor participation in the UK’s two largest IPOs, Applied Nutrition and Raspberry Pi, while also achieving significant demand for Treasury bills. In February, the platform enhanced its operational capabilities by onboarding the former Capital Markets Team from PrimaryBid.
Aaqib Mirza, Co-CEO of RetailBook, stated, “This funding allows us to implement our growth strategy and advance our mission of empowering retail investors. By integrating a team with unparalleled expertise and a strong track record, we have exceeded our expectations, including broadening our product offerings to introduce a new fixed income service that has attracted record investments from retail investors.”
With this latest investment, Augmentum joins current backers Peel Hunt, Jefferies, Rothschild & Co, and Hargreaves Lansdown to support RetailBook’s upcoming growth phase. This strategy includes expanding its product range across various asset classes, enhancing platform functionality, and establishing new partnerships with retail brokerage services.
Tim Levene, CEO of Augmentum and a new member of the RetailBook board, remarked, “We have maintained a solid relationship with the RetailBook team for quite some time. Their efforts to democratize investment access resonate strongly with Augmentum’s core principles. Given recent market reforms aimed at improving liquidity in the UK and the government’s push to tap into diverse capital pools, RetailBook is well-positioned to make a significant impact.”