PrimaryBid Raises £7M in Funding

PrimaryBid, a London-based online platform connecting publicly listed companies with investors for discounted share issuances, closed a £7m funding round.

The round was led by Pentech and Outward VC with participation from Hambro Perks and other new and existing investors. In conjunction with the funding, Craig Anderson, a partner at Pentech, will join the PrimaryBid Board of Directors with Outward VC having a Board Observer seat.

The company intends to use the funds to expand its sales and marketing efforts as well as accelerate IT product development.

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