Balderton backs TreasurySpring with £15m Series B funding

Balderton backs TreasurySpring with £15m Series B funding

London-based TreasurySpring, a revolutionary FinTech company in the capital markets arena, has successfully secured a Series B funding round.

The investment, a significant £15m, has been sourced from a cohort of investors, including leading venture capital firms Balderton and Black Lion, along with contributions from existing investors ETFS Capital, Anthemis, and MMC Ventures, according to a report from Sifted.

TreasurySpring’s primary offering is a novel Fixed-Term Fund (FTF) platform, developed to manage and optimise large cash balances held by entities ranging from charities to FTSE 100-listed companies and venture capital firms.

The innovative platform enables clients to move beyond traditional unsecured bank deposits and instead make short-term investments in secured financial instruments like single secured bank loans or single investment-grade corporate loans.

Balderton partner Rana Yared has recently joined the company’s board, indicating a hands-on approach from Balderton in the future direction of the company. TreasurySpring’s services have attracted a diverse range of clients such as insurance firm Atrium, electronics giant TomTom, and tech companies like Glovo and Tide, suggesting a broad appeal of its cash management solutions.

Balderton’s Rana Yared, who has been vocal about her interest in FinTech firms addressing capital markets problems, said earlier this year, “I’m particularly interested in companies that are trying to solve the most pressing problems of capital markets. Efficient capital management, cost-effective servicing of products to non-institutional clients, and bulky workflows on archaic systems.”

This recent funding follows a previous Series A round in June 2021 where TreasurySpring raised $10m, bringing the total investment secured by the FinTech firm to date to $30m.

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