Partner Article

Alternative investment platform raises £1.1m funding just six months after launch

Investment platform CoInvestor, which allows users to invest alongside experienced finance managers, has raised £1.1m in its Series A funding round.

The seven-figure investment comes just six months after the platform officially launched, and coincides with the addition of Ian Peacock, Head of UK and Ireland at IG Group, to the company’s Advisory Board.

The firm says the figure was raised in under two weeks with 60% of the new funds coming from existing shareholders and the remaining 40% coming from new investors.

Launched in December last year, CoInvestor allows what it describes as ‘sophisticated’ investors to co-invest alongside experienced fund managers, including partners Oxford Capital, MMC Ventures and Chelverton Asset Management.

Charles Owen, founder of CoInvestor commented: “We’re delighted to see the support we have from existing and new investors in our first year of operations, and to have secured additional capital to fuel our future growth and development of new product offerings.

“The addition of Ian Peacock to our Advisory Board will greatly help to shape the direction for CoInvestor as we look to build on our current momentum and continue to scale the business over the coming months.”

CoInvestor intends to use the funding to expand its team and develop new products under the influence of its fund manager partners, including the launch of its white-label investment advice product CoAdvisor.

New advisor, Ian Peacock, said: “I’m excited to have the opportunity to advise a rapidly growing business that is instigating real change within the traditional investment landscape.

“CoInvestor is uniquely positioned to help fund managers and advisors connect with savvy investors who are increasingly seeking diversification of their portfolios through alternative assets.”

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