About Nutmeg
Nutmeg is a Technology company based in London (United Kingdom) founded in 2011, and was acquired by JPMorgan Chase in June 2021. Digital wealth management services are provided for investors. It operates on a SaaS (Software-as-a-Service) and Managed Services model. Nutmeg has raised $180.39 million across 10 funding rounds from investors including Goldman Sachs, JPMorgan Chase and Fubon Financial Holdings. Nutmeg was last valued at $268.44 million in January 2019. Its chief executive, as recorded, is Neil Ross Alexander. Its website nutmeg.com draws about 302 thousand monthly visits. Nutmeg offers products and services including Stocks and Shares ISA, Personal Pension, Lifetime ISA, Junior ISA, and General Investment Account. Its focus areas include Financials, Asset Management and Wealth Management. Its legal entity is Nutmeg Saving and Investment Limited. Its competitors include Wealthify, ETFmatic and Netwealth; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters London, United Kingdom
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website nutmeg.com
- Social LinkedIn X Facebook Instagram
- Acquired by JPMorgan Chase (Jun 2021)
- Legal Name Nutmeg Saving And Investment Limited
- Total Equity Funding$180.39M (USD)
in 10 rounds
- Latest Funding Round$57.92M (USD), Series E
Jan 2019
- InvestorsGoldman Sachs
& 15 more
- Acquired byJPMorgan Chase
(Jun 2021)
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.
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.
Apps and channels of Nutmeg
Nutmeg publishes 3 mobile apps with over 200K+ downloads.
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 $180.39M
- Total Rounds 10
- Last Round Series E — $57.92M
- First Round $1.3M
(Apr 2011)
- Investors Count 15
All 10 funding rounds of Nutmeg with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2019 | $57.92M | Series E | $268.44M | Goldman Sachs | |
| Jan 2018 | $5.83M | Series D | $216.4M | – | – |
| Dec 2016 | $14.83M | Series D | $••••• | Fubon Financial Holdings | – |
| Nov 2016 | $53M | Series C | $••••• | Convoy | |
| Mar 2016 | Series B | $••••• | – | – | |
| Oct 2015 | $1.5M | Series B | $••••• | – | |
| Jun 2014 | $32M | Series B | $••••• | Balderton Capital, Schroders | |
| Jun 2013 | $8.7M | Series A | $••••• | – | |
| Jun 2012 | $5.3M | Series A | $••••• | Daniel S Aegerter, Pentech | |
| Apr 2011 | $1.3M | Seed | $••••• | Pentech |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2019 | $268.44M | •••••••• |
| Jan 2018 | $216.4M | •••••••• |
| Dec 2016 | $••••• | •••••••• |
| Nov 2016 | $••••• | •••••••• |
| Mar 2016 | $••••• | •••••••• |
| Oct 2015 | $••••• | •••••••• |
| Jun 2014 | $••••• | •••••••• |
| Jun 2013 | $••••• | •••••••• |
Full valuation and stage history of Nutmeg
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $268.44M (Jan 2019). 16 investors in total: 12 institutional and 4 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment banking services are delivered across multiple financial sectors. | 1869 | goldmansachs.com | New York, United States | |
Life and property insurance services are provided via internet-first platforms. | 2001 | fubon.com | Taipei, Taiwan | |
Multistage venture capital investments are focused on technology sectors. | 2000 | balderton.com | London, United Kingdom | |
Family office of Aegerter family | armada.com | Kusnacht, Switzerland | ||
UK tech and offline companies are funded by Pentech. | pentech.vc | Edinburgh, United Kingdom | ||
Early-stage technology companies receive venture capital investments. | draper.vc | San Mateo, United States | ||
Investments are made by Freston Ventures in early-stage UK startups. | frestonventures.com | London, United Kingdom | ||
A money management platform is offered by Convoy. | 1993 | convoy.com.hk | Hong Kong, China | |
Investment management and wealth management services are provided to clients. | 1804 | schroders.com | London, United Kingdom | |
Online platform for Toto Macau 4D betting and user assistance services. | 1983 | anyf.org | New York, United States |
Investor details for Nutmeg
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Nutmeg
8 people are tracked at Nutmeg (4 in leadership, 3 in board & advisors, 1 in team).
| Name | Role | Group |
|---|---|---|
William Frederick Reeve | Chairman | Leadership |
Neil Ross Alexander | CEO | Leadership |
Matthew Christopher Gatrell | CTO | Leadership |
Martin Clive Stead | Leadership | |
Roman Cheng | Board Director | Board & advisors |
Johnny Chen | Board Director | Board & advisors |
Craig Anderson | Board Director | Board & advisors |
Neil Alexander | Ops Risk/cntrl Analyst | Team |
Complete people profiles for Nutmeg
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Nutmeg
5 dated milestones of Nutmeg across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Nutmeg is founded.
- Funding First funding round of $1.3M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series E, of $57.9M.
- Exit Acquired by JPMorgan Chase.
Competitors of Nutmeg
Nutmeg has 3 listed competitors in our database, 2 of them funded. They include Wealthify, ETFmatic and Netwealth.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| wealthify.com | 2014 | Penarth, United Kingdom | $869,989 | 113 | Robo advisory and investment management services are provided for users. | |
| etfmatic.com | 2014 | London, United Kingdom | 10 | Savings goals are set and invested automatically in diversified ETFs. | ||
| netwealth.com | 2015 | London, United Kingdom | $50.8M | 39 | Wealth management is facilitated online through goal-based portfolio selection. |
Detailed competitors of Nutmeg
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Nutmeg
The website of Nutmeg (nutmeg.com) receives about 301.7K visits a month.
- Monthly visits301.7K
▲ 11% vs previous month
Websites whose visitors overlap most with Nutmeg. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
vanguardinvestor.co.uk | vanguardinvestor.co.uk | 100% | #9,285 | – | |
| hl.co.uk | 97% | 6.9M | #7,103 | View details | |
| moneysavingexpert.com | 91% | 20.7M | #3,243 | View details | |
| ajbell.co.uk | 90% | 2.1M | #26,797 | View details | |
employedandselfemployed.co.uk | employedandselfemployed.co.uk | 90% | #975,702 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Nutmeg
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Investment & Financial Technology
2 companies that operate in the same segment as Nutmeg (Investment & Financial Technology) in United Kingdom, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online data source platform for information, analytics, and solutions for governments and financial markets | 1959 | London, England, United Kingdom | USD 1.41 B | |||
AI-based platform for automated personal spend management is provided. | 2016 | London, England, United Kingdom | USD 75.78 M |
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Related news about Nutmeg
Complete news archive for Nutmeg
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- Brand-specific news history
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Frequently Asked Questions about Nutmeg
Nutmeg was founded in 2011.
Nutmeg is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Neil Ross Alexander is the CEO of Nutmeg, as recorded in our data.
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 Seed of $1.3M, raised on Apr 2011.
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.
Nutmeg offers Stocks and Shares ISA, Personal Pension, Lifetime ISA, Junior ISA, and General Investment Account.
Nutmeg has 16 investors. Key investors include Goldman Sachs, JPMorgan Chase, Fubon Financial Holdings, Schroders, and Balderton Capital.
The valuation of Nutmeg is $268.44M as of Jan 2019.
Nutmeg operates through Nutmeg Saving And Investment Limited.
Yes. Nutmeg was acquired by JPMorgan Chase in June 2021.
Yes. Nutmeg publishes Nutmeg and 2 more apps, with over 200,000 downloads.