Fundz

Penfold Raises £7M For Pension Merging Platform

PRIVATEAug 08, 2022

Amount Raised

£7 Million

Round Type

Funding Round

Financial Services

Description

London-headquartered Penfold has closed £7m for its digital pension service in a Series A investment round led by Bridford Group.

Quick answer

Penfold raised £7 Million in a Funding Round round, dated August 8, 2022.

How much did Penfold raise?
Penfold raised £7 Million in a Funding Round round on August 8, 2022.
What does Penfold do?
Penfold will use the investment to grow its workplace pension offerings, which are used by more than 150 businesses, including the likes of Cuvva and Elvie.

Source: Fundz verified event record.

Who else raised in Financial Services around the same time

Companies in the same sectors as Penfold that raised within 45 days of this round, from Fundz verified event records.

  • Binocs raised $4M (Seed) on September 22, 2022.
  • Animoca Brands raised an undisclosed amount (Funding Round) on September 22, 2022.
  • AccessFintech raised $60M (Series C) on September 22, 2022.
  • Brightflow AI raised $15M (Series A) on September 21, 2022.
  • Pie Insurance raised $315M (Series D) on September 21, 2022.
  • Nilos raised $5.2M (Funding Round) on September 21, 2022.

Who to call at Penfold, and when

A new round usually means Penfold is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Penfold raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Penfold, from your own LinkedIn network

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Company Information

Company

Penfold

About

Penfold will use the investment to grow its workplace pension offerings, which are used by more than 150 businesses, including the likes of Cuvva and Elvie. It’s Series A comes off the back of the £6m investment Penfold received in June last year, led by Bridford Investments Limited.

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Penfold raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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