About Nutmeg
Nutmeg is a company based in London (United Kingdom) founded in 2011 was acquired by JPMorgan Chase in June 2021. It operates as a SaaS (Software-as-a-Service), and Managed Services. Nutmeg has raised $180.39 million across 10 funding rounds from investors including Goldman Sachs, JPMorgan Chase and Fubon Financial Holdings. Nutmeg offers products and services including Stocks and Shares ISA, Personal Pension, Lifetime ISA, Junior ISA, and General Investment Account. Nutmeg operates in a competitive market with competitors including Stash, Wealthsimple, Wahed, Wealthify and ETFmatic, among others.
- Headquarter London, United Kingdom
- Stage Minicorn
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Nutmeg Saving And Investment Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$180.39 M (USD)
in 10 rounds
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Latest Funding Round
$57.92 M (USD), Series E
Jan 22, 2019
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Investors
Goldman Sachs
& 15 more
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Employee Count
Employee Count
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Acquired by
JPMorgan Chase
(Jun 17, 2021)
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Products & Services of Nutmeg
Nutmeg offers a comprehensive portfolio of products and services, including Stocks and Shares ISA, Personal Pension, Lifetime ISA, Junior ISA, and General Investment Account. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Tax-free returns are offered on annual contributions.
Government top-up is provided on pension contributions.
Government bonus is given for home or retirement.
Contributions are allowed for children until age 18.
Flexible investing is enabled with no contribution limits.
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Funding Insights of Nutmeg
Nutmeg has successfully raised a total of $180.39M across 10 strategic funding rounds. The most recent funding activity was a Series E round of $57.92 million completed in January 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Series E — $57.9M
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First Round
First Round
(14 Apr 2011)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2019 | Amount | Series E - Nutmeg | Valuation | Goldman Sachs | |
| Jan, 2018 | Amount | Series D - Nutmeg | Valuation |
investors |
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| Dec, 2016 | Amount | Series D - Nutmeg | Valuation | Fubon Financial Holdings |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Nutmeg
Nutmeg has secured backing from 16 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Goldman Sachs, JPMorgan Chase and Fubon Financial Holdings. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location | |
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Life and property insurance services are provided via internet-first platforms.
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Founded Year | Domain | Location | |
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Multistage venture capital investments are focused on technology sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Nutmeg
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Nutmeg
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Nutmeg Comparisons
Competitors of Nutmeg
Nutmeg operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Stash, Wealthsimple, Wahed, Wealthify and ETFmatic, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Automated investment and robo-advisory services are offered to individuals.
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| domain | founded_year | HQ Location |
Online robo advisory and stock trading services are provided.
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| domain | founded_year | HQ Location |
Shariah-compliant investments and savings are offered to individuals.
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| domain | founded_year | HQ Location |
Robo advisory and investment management services are provided for users.
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| domain | founded_year | HQ Location |
Savings goals are set and invested automatically in diversified ETFs.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Nutmeg
Frequently Asked Questions about Nutmeg
When was Nutmeg founded?
Nutmeg was founded in 2011.
Where is Nutmeg located?
Nutmeg is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Nutmeg?
Neil Ross Alexander is the current CEO of Nutmeg.
Is Nutmeg a funded company?
Nutmeg is a funded company, having raised a total of $180.39M across 10 funding rounds to date. The company's 1st funding round was a Series D of $14.83M, raised on Apr 14, 2011.
What does Nutmeg do?
Nutmeg, a leading digital wealth manager in the UK, is focused on providing investment management services through diversified portfolios. Technology is utilized to maintain low charges and transparency for clients. Various investment products such as ISAs, pensions, and general accounts are offered. Sectors served include personal finance and retirement planning, with solutions tailored to individual goals and risk levels. Financial advice and guidance are also provided to support investment decisions.
Who are the top competitors of Nutmeg?
Nutmeg's top competitors include Wealthsimple, Stash and Wahed.
What products or services does Nutmeg offer?
Nutmeg offers Stocks and Shares ISA, Personal Pension, Lifetime ISA, Junior ISA, and General Investment Account.
Who are Nutmeg's investors?
Nutmeg has 16 investors. Key investors include Goldman Sachs, JPMorgan Chase, Fubon Financial Holdings, Schroders, and Balderton Capital.
What is Nutmeg's valuation?
The valuation of Nutmeg is $268.44M as of Jan 2019.
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