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Sidekick raises £4.5m in a seed round led by Pact VC and TheVentureCity to target millennials with cash to splash

Jun 13, 2024over 1 year ago

Amount Raised

£4.5 Million

Round Type

seed

London

Investors

Semantic VenturesSeedcampOctopus Ventures1818BlackwoodMs&AdThe Venture CityPact Vc

Description

Sidekick, a wealth and savings app for millennials, has raised a £4.5m seed round led by Pact VC and TheVentureCity. The round gave the startup a post-money valuation of £15.5m. The company targets 'mass affluent' individuals and offers investment portfolio management, cash savings, and borrowing options.

Company Information

Company

Sidekick

Location

London, Ontario, Canada

About

Expertly-managed portfolios for the modern investor. Coming soon, subject to authorisation from the FCA. We’re on a mission to democratise the wealth-building products and opportunities currently only available to High Net Worth customers, rethinking and restructuring products for a retail customer, starting with actively managed baskets of public equities and crypto. Professional Investing - Picking stocks is incredibly hard. Wealthy investors use professional investment services to manage their money. We aim to bring this to you. Across wider assets - The markets may change, but smart investing doesn’t. We aim to offer diversified, risk-managed portfolios of public equities, crypto and more. For the modern investor - Our needs have changed, but the investment industry hasn’t. We want to help manage your long-term wealth but also keep you updated along the way. Sidekick is not yet regulated but has applied to the FCA for authorisation to operate soon. Prior to Sidekick becoming fully authorised, none of the information provided on this profile is intended as an invitation or inducement to apply for any Sidekick product or service. Please remember, investing should be viewed as longer term. When we launch, your capital will be at risk - the value of investments can go up and down, and you may get back less than you put in. Cryptoassets are only regulated in the UK for money laundering purposes. If you invest in these type of assets, you are unlikely to be protected if something goes wrong.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers