PrimaryBid to raise $50 million from London Stock Exchange Group, Draper Esprit, OMERS Ventures, Fidelity International Strategic Ventures and ABN AMRO Ventures

PrimaryBid, a London, UK-based operator of a platform that connects retail investors with public companies raising capital, announced that it completed a $50m Series B investment round.

The money was raised from a range of new and existing investors, including London Stock Exchange Group, Draper Esprit, OMERS Ventures, Fidelity International Strategic Ventures, ABN AMRO Ventures, Pentech and Outward VC.

Proceeds will be used to build-out the PrimaryBid team and technology platform as the company deepens its links with key intermediaries and expands into international markets.

PrimaryBid, founded in 2012 and led by CEO Anand Sambasivan, built and operates a technology platform that allows individual investors fair access to public companies raising capital. PrimaryBid always ensures that retail investors transact at the same time and at the same price as institutional investors.