# PrimaryBid

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/primarybid

- Industry: Financial Services
- Headquarters: London, UK
- Website: www.primarybid.com
- Total disclosed funding: $199M
- Latest round: Series C (Jan 10, 2022)
- Investors on record: 9

## About

Based in the UK, PrimaryBid Limited operates a technology platform that empowers retail investors to participate in capital market transactions, including IPOs and equity offerings, enhancing their access to investment opportunities.PrimaryBid Limited is a technology company in the UK that facilitates retail investor participation in capital markets. Founded in London in 2012 by Anand Sambasivan, Eric Low, James Deal, and Kieran D'Silva, the firm has successfully completed five deals. The latest funding round was a Series C in January 2022, raising GBP 110 million, led by SB Investment Advisers. Other investors included ABN AMRO Ventures and the London Stock Exchange Group. Currently, PrimaryBid has a valuation of GBP 478 million.PrimaryBid offers a technology platform designed to facilitate retail investor participation in capital market transactions, specifically targeting equity and fixed income offerings such as IPOs, follow-ons, and blocks. Their main product enables companies to connect with their retail investor communities, unlocking access to investment opportunities for customers, employees, and stakeholders. This solution integrates with existing platforms, allowing for a seamless experience for users and is primarily utilized in the UK market, with indications for expansion into international markets, including Norway.In 2023, PrimaryBid reported a revenue of GBP 2,187,183.90 and an EBITDA of GBP -34,264,256.50. The company generates revenue through transaction-based structures that facilitate investments by retail clients in various fundraising initiatives, charging fees per transaction or as a percentage of the capital raised through its platform.Following the Series C funding round in January 2022, PrimaryBid Limited plans to utilize the GBP 110 million raised to expand its product offerings and enter new markets. Specific territories targeted for expansion have not been disclosed, but the company aims to enhance its technology and services to better serve retail investors globally.

## Funding rounds

- Series C, Jan 10, 2022, $149M — Molten Ventures, Pentech Ventures, OMERS Ventures, London Stock Exchange Group plc, SB Investment Advisers, ABN AMRO Ventures, Outward VC, Fidelity International Strategic Ventures
- Series B, Oct 26, 2020, $50M — Molten Ventures, Pentech Ventures, Eight Roads Ventures, OMERS Ventures, London Stock Exchange Group plc, ABN AMRO Ventures, Outward VC

## Investors

- Molten Ventures (https://capitalatlas.ai/funds/molten-ventures) — Series B, Series C
- Pentech Ventures (https://capitalatlas.ai/funds/pentech-ventures) — Series B, Series C
- Eight Roads Ventures (https://capitalatlas.ai/funds/eight-roads-ventures) — Series B
- OMERS Ventures (https://capitalatlas.ai/funds/omers-ventures) — Series B, Series C
- London Stock Exchange Group plc — Series B, Series C
- ABN AMRO Ventures (https://capitalatlas.ai/funds/abn-amro-ventures) — Series B, Series C
- Outward VC (https://capitalatlas.ai/funds/outward-vc) — Series B, Series C
- SB Investment Advisers (https://capitalatlas.ai/funds/sb-investment-advisers) — Series C
- Fidelity International Strategic Ventures (https://capitalatlas.ai/funds/fidelity-international-strategic-ventures) — Series C