Moonfare, which offers a digital investment platform for private equity investing, has received $35m in funding from private equity firm Vitruvian Partners.
The FinTech company aims to open up private equity investment to retail investors. Its platform lets individuals back private market funds and venture capital funds.
As of March, Moonfare assets under management totalled ?1.6bn, a 150% increase year-on-year.
Headquartered in Berlin, the company operates in 22 countries across Europe, Asia and America. It recently launched operations in Scandinavia, Portugal and Israel.
Vitruvian partner Thomas Studd said, ?Private equity investments are barely available to retail investors, despite significant take-up by sophisticated institutional investors around the world.
?Moonfare offering addresses that gap and its exceptional growth rates clearly show pent-up consumer demand.? Vitruvian is delighted to be partnering with Steffen and the exceptional Moonfare team as they look to democratise access to this asset class.p>
This investment comes just months after Moonfare closed its Series C on $125m. The round was led by Insight Partners and was aimed at supporting its launch in the US.
Last year, Vitruvian Partners led the ?45m funding round of European card-as-a-service platform Enfuce. The company enables clients to implement customer card and payment solutions within weeks.
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