London-based investment platform TreasurySpring has raised $29 million in a Series B funding round led by Balderton Capital. The platform allows firms to maximize returns and minimize risk by placing cash assets in over 600 standardised cash investment products across various categories and currencies.
Facts
- TreasurySpring has raised $29 million in a Series B funding round.
- The London-based investment platform helps firms unlock and protect the value of their cash assets.
- Balderton Capital led the funding round, with Mubadala Capital and previous investors ETFS Capital, MMC Ventures, and Anthemis Group also participating.
- Founded in 2017, TreasurySpring enables firms to place cash assets in a platform that helps them maximize returns and minimize risk.
- Users of the platform have access to over 600 standardized cash investment products across governments, corporates, and banks such as Goldman Sachs, Barclays, and Societe Generale.
- TreasurySpring has experienced significant growth, expanding more than seven times in the last year, with total issuance through its platform surpassing $50 billion.
- The funding will be used to enhance the product, sales, marketing, and tech teams, expand the company’s offerings and services, and accelerate international expansion. The headcount is expected to grow by 50% in the next 12 months.
