Penfold
Latest round
- Series A
Last raised
- Aug 2022
Total raised
- $11M
Investors
- 4
About Penfold
Penfold, founded in 2019 in London, UK, provides a modern pension solution for businesses and individuals. The company was established by entrepreneurs Chris Eastwood, Pete Hykin, and Stuart Robinson.Penfold offers a modern pension solution designed to simplify workplace auto-enrolment for both employers and employees. Their core product is a user-friendly pension app that allows employees to manage their pension contributions, track down old pensions, and consolidate them into one account, thereby enhancing their retirement savings experience. The platform facilitates seamless onboarding for businesses, enabling employers to set up pension schemes efficiently and manage contributions without the administrative burden typically associated with pension processing. Penfold’s services cater to a diverse client base, including small to medium-sized enterprises (SMEs) and larger organizations across the UK.Penfold's revenue model is built around subscription-based services for businesses and individual users of their pension platform. Employers pay a fee to implement and manage their pension schemes via the Penfold platform, while employees benefit from the app's features without incurring additional charges. The company’s pricing structure is designed to foster ease of use and engagement, ensuring employers can effectively enrol employees, process contributions, and manage their pension obligations with minimal hassle. Transactions typically occur between Penfold and its clients, encompassing B2B relationships where employers engage Penfold for their pension needs and individual users utilize the app for personal retirement planning. The company intends to expand its offerings and explore new product launches, although specific details regarding new products and their release dates have not been disclosed. Additionally, Penfold is looking to expand into new markets, focusing on the UK while evaluating potential growth in other geographic regions in the future.
Who invested in Penfold
4 investors across 2 rounds
See all investors in Penfold
Sign up free to see every VC on the cap table, the rounds they joined, and how much each round raised.
Questions about Penfold
Who invested in Penfold?
Penfold has 4 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Penfold raised?
Penfold has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Penfold last raise money?
Penfold's most recent round on record is a Series A, in Aug 2022.
What does Penfold do?
Penfold, founded in 2019 in London, UK, provides a modern pension solution for businesses and individuals.
Where is Penfold headquartered?
Penfold is headquartered in London, UK.
Which VCs invest in companies like Penfold?
Among active investors with capital left to deploy, Mundi Ventures, Apis Partners, 7RIDGE and Mouro Capital back financial services companies at Penfold's stage. Their profiles are linked below.
VCs backing financial services startups at Series A
Raising like Penfold? Find the right VCs.
Capital Atlas matches your startup to active investors by stage, sector and region.