The Cambridge and London Technology teams advised Balderton Capital on its lead investment into TreasurySpring’s £23 million Series B financing round. Other investors included Mubadala Capital, the Abu Dhabi sovereign fund, ETFS Capital, MMC Ventures and Anthemis Group.
London-based fintech company TreasurySpring has built a cash investment platform that offers companies of all sizes access to cash investment capabilities previously reserved for the world’s largest financial institutions. TreasurySpring’s platform enables companies with sizeable cash balances to minimise risk and maximise returns by diversifying away from holding cash in unsecured deposits. TreasurySpring supports clients across a range of sectors and stages including FTSE 100 corporations, leading multinationals, global fund managers and high-growth tech companies, including Schroders, Muller, Hg, Bunq, Lendable and Tide. The new funding will enable the company to continue to scale its product, sales, marketing and tech teams, expand its product offering and accelerate international expansion.
Balderton Capital is a multistage venture firm with more than two decades of experience supporting Europe’s best founders from Seed to IPO. Balderton invest across the technology sector, with a proven track record backing fintech, B2B SaaS, digital health, mobility, gaming and marketplace companies.
The Goodwin team was led by Adam Thatcher, Heidi Fitchett and Duy Le.
For more details, please see the press release here.