London-based fintech firm TreasurySpring has successfully raised $29 million in a Series B funding round, led by Balderton Capital. The funding will be used to support the company’s product development, sales, and marketing teams, as well as accelerate its international expansion.
Facts
- TreasurySpring has secured $29 million in a Series B funding round led by Balderton Capital.
- The funding round also included participation from Mubadala Capital, ETFS Capital, MMC Ventures, and Anthemis Group.
- Founded in 2016 by Kevin Cook, Matthew Longhurst, and James Skillen, TreasurySpring’s fixed-term fund (FTF) platform enables large cash balance holders to minimize risk and maximize returns through simple digital access to proprietary cash investments.
- TreasurySpring’s total capital raised now amounts to $42 million, including a previous $10 million Series A round held in June 2021.
- The latest funding round values the start-up at nearly $100 million, according to TechCrunch.
- The company plans to utilize the new funds to expand its product, sales, and marketing teams, aiming to increase its headcount by 50% within the next year.
- TreasurySpring aims to develop its products and services further and accelerate its international expansion plans.
