Alternative investment startup Darksquare preps for beta with £260k round


Darksquare, an alternative investment startup, has reportedly raised £260,000 in a funding round backed by angel investors.

The round received commitments from 17 angel investors, as well as a Seedrs crowdfunding campaign, according to a report from BusinessCloud.

This capital will help Darksquare move ahead with its beta launch, which is set for mid-Q1.

In the beta, the alternative investment startup will select two or three investment products that have target yields around 12% annum. The asset classes will include distressed/special situations credit, forestry, renewable energy and/or real estate.

Darksquare enables access to unique investment opportunities which are typically left for hedge funds or the ultra-wealthy. Through the platform, investors can access renewables, real estate and special situations credit.

To unlock these assets to everyone, Darksquare works as a crowdfunder. The team selects investment products and each has a target investment threshold. Investors then pledge money towards their preferred products and when the target is reached, it will be added to their portfolio.

As for fees, Darksquare takes a 1% share of any investment.

Darksquare co-founder Daniel Harman said, “Being well diversified, especially in times of market volatility like we’ve had, is so important. Despite more people either already investing or looking to invest, the traditional range of available assets remains small unless you have in-depth knowledge or are ultra wealthy; Darksquare is changing this by democratising investment access.

“We are thrilled to already see so much confidence and belief in this new marketplace, and to have the backing of multiple leading angels with significant grounding in alternative assets.”

Last year, fellow alternative investment platform Stableton Financial secured CHF 15m in its Series A funding round. The company helps individuals invest into assets locked off to institutional investors.

The funding round was backed by TX Ventures, C3 EOS VC Venture Fund and DEWB.

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