Total amount raised
$89.8 Millions
Latest funding date
Location
Title
Shares has successfully raised significant funding through multiple rounds, attracting notable investors such as Serena Williams and Venus Williams. The platform offers a social investment experience, allowing users to invest in a variety of assets without minimums.
Keep reading to explore the intricacies of Shares' fundraising journey and the investors backing this innovative platform.
What Is Shares?
Shares, founded in 2021, is a social investment platform based in London and Paris. The company was established by Benjamin Chemla, François Ruty, and Harjas Singh. With a team of 101-250 employees, Shares aims to democratize access to the stock market by allowing users to invest without minimums.
Shares offers a variety of investment options, including stocks, ETFs, and cryptocurrencies. The platform is designed to enhance the investment experience by providing social features that allow users to share and discuss their investment strategies. This approach aims to make investing more accessible and engaging for everyone.
Regulated in France as an Investment Firm and Digital Asset Service Provider, Shares ensures robust security measures to protect users' investments. The company is authorized by the Autorité des Marchés Financiers (AMF) and the ACPR, providing a secure and reliable platform for both personal and business investment accounts.
How Much Funding Has Shares Raised?
- Seed Round
- Amount Raised: $10M
- Date: August 2021
- Lead Investors: Singular
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial development and launch activities.
- Series A
- Amount Raised: $40M
- Date: March 2022
- Lead Investors: Valar Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the initial launch and growth in the UK.
- Series B
- Amount Raised: $40M
- Date: July 25, 2022
- Lead Investors: Valar Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand across Europe and incorporate cryptocurrency trading into the platform.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: October 6, 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Not publicly disclosed
Total Amount Raised: $90M. Current Valuation: Not publicly disclosed.
Key Investors
- Valar Ventures
- Details: Valar Ventures is a venture capital firm co-founded by Peter Thiel. The firm focuses on investing in early-stage technology companies.
- Investment Focus Areas: FinTech, SaaS, Consumer Internet
- Notable Investments: TransferWise, N26, Xero
- Singular
- Details: Singular is a venture capital firm that invests in early-stage technology startups. They aim to support innovative companies with high growth potential.
- Investment Focus Areas: Technology, SaaS, FinTech
- Notable Investments: Not publicly disclosed
- Serena Williams
- Details: Serena Williams is a professional tennis player and venture capitalist. She has made several investments through her firm, Serena Ventures.
- Investment Focus Areas: Technology, Health, Wellness
- Notable Investments: Coinbase, MasterClass, Tonal
- Venus Williams
- Details: Venus Williams is a professional tennis player and entrepreneur. She has invested in various startups, focusing on health and wellness.
- Investment Focus Areas: Health, Wellness, Technology
- Notable Investments: Ellevest, Astura Medical
What's Next for Shares?
Shares is poised to seize significant opportunities as it expands into 40 new markets across Europe. The platform's integration of community-centric features and potential cryptocurrency trading could attract a broader user base, tapping into the growing trend of social investing.
With $90 million already raised, future fundraising rounds seem likely to support this ambitious growth. However, navigating regulatory landscapes and competing with established platforms will be critical challenges. Ensuring user education, especially in volatile markets like crypto, will also be essential for sustained success.
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