Amsterdam-based startup 15m announced on Tuesday that it had raised $50 million in a funding round led by EQT Ventures. The atozmp3 funding round also saw participation from existing investors, such as Fidelity International Strategic Ventures, and new investors, including HV Capital and Astanor Ventures. 15m has raised a total of $60 million in funding to date.
15m is on a mission to democratize investing for retail investors. The company’s platform enables users to invest in a portfolio of sustainable and impact-driven assets, such as green bonds, renewable energy projects, and affordable housing. The platform uses a proprietary algorithm to create a toonily personalized portfolio for each user, based on their investment preferences and risk profile.
15m’s platform is accessible to anyone with a minimum investment of €100 ($118). The company charges a flat fee of 0.5% per year, which is significantly lower than traditional investment management fees. This makes investing accessible to a wider range of retail investors who would otherwise be priced out of the market.
15m’s mission to democratize masstamilanfree investing is timely, as retail investors have become increasingly interested in sustainable and impact-driven investing. According to a survey by Morningstar, sustainable funds saw record inflows of $185.3 billion in 2020, up from $71.1 billion in 2019. This trend is expected to continue, with sustainable investing projected to grow to $53 trillion by 2025, according to the Global Sustainable Investment Alliance.
15m’s $50 million funding masstamilan round will enable the company to expand its platform and reach more retail investors. The company plans to use the funding to enhance its algorithm, add new assets to its platform, and expand into new markets. 15m is currently available in the Netherlands, but the company plans to expand into other European markets, including Germany, France, and Italy.
15m’s CEO, Rutger van der Torre, said in a statement, “We are thrilled to have EQT Ventures lead this funding round and to have the support of our existing and new investors. This funding will enable us to accelerate our mission to democratize investing and make sustainable and impact-driven investing accessible to everyone. We believe that everyone should have the opportunity to invest in a better future, and we’re excited to continue our journey to make that a reality.”
EQT Ventures’ partner, Fabian Dudek, said in a statement, “We are impressed by 15m’s mission to democratize investing and make it accessible to everyone. The company’s platform is innovative, user-friendly, and aligns with the growing trend of sustainable investing. We’re excited to support 15m’s growth and help the company expand into new markets.”
In conclusion, 15m’s $50 million funding justprintcard round is a significant milestone for the company and the sustainable investing industry. The company’s platform enables retail investors to invest in sustainable and impact-driven assets, which were previously only available to institutional investors. With the new funding, 15m is well-positioned to expand its platform and reach more retail investors. This is an exciting development for the democratization of investing and the transition to a more sustainable future.