Investoo secures £7.5m for future acquisitions

Investoo Group, a lead generation company in the retail investment industry, has secured £7.5m worth of funding for further acquisitions.

This follows several assets made this year alone, including Invezz.com, RoboAdvisors.com and SocialTradingGuru.com. This particular one is to fund the company’s expansion into new areas of finance.

The London-based affiliates firm is seeking to expand into the retail investments, consumer finance, money transfers, and savings industries.

David Merry, chairman, described the funding as an opportunity for growth and an indication of the company’s success since launching in 2016. He said: “We have developed an enviable portfolio of valuable sites in a short amount of time, and this funding will allow us to continue our remarkable growth trajectory.”

A new portfolio of personal finance-focused sites will sit alongside the company’s existing portfolio of financial news sites, online cryptocurrency resources and broker review sites.

The new acquisitions should solidify the firm’s reputation for identifying growth opportunities and turning sites into high-value properties.

Adam Grunwerg, CEO, added: “We’re expanding into new niches where we will focus on individuals taking the best investment decisions possible.

“We’re especially excited about this credit line because it will allow us to do what we do best [and that is] deliver sites that educate and inform, giving consumers the power to invest with confidence.”

The credit line is provided by private lenders as well as existing shareholders in the group.