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Tuesday, June 19, 2012
Nutmeg Raises $5.3M From Pentech, Tim Draper To Make Financial Management Less Stuffy
Nutmeg, the U.K. 'online investment manager' that aims to take the complexity out of financial products, has raised a ?3.4m ($5.3m) VC round led by Pentech and Daniel Aegerter, the Swiss chairman of Armada Investment Group. But perhaps more headline-grabbing is that legendary Silicon Valley investor Tim Draper also participated. Draper is probably best known for investing in Hotmail, as well as being an early investor in Skype in Europe, along with many, many other startups. European Investor Klaus Hommels (who notably sits on Spotify's board) also joined the round.
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