JPMorgan, Balderton lead another strong funding round for online broker Motif


stock market_lrgVenture capital-backed online broker Motif Investing has picked up another $35m in funding led by firms including JP Morgan Chase and Balderton Capital.

Existing backers Goldman Sachs, Foundation Capital, Ignition Partners and Norwest Venture Partners also took part in the financing, which coincides with a planned international expansion and roll-out of new services.

Goldman threw its weight behind last year by leading a $25m financing round for the company.

The company allows customers to invest online in theme-based portfolios of stocks, bonds and exchange-traded funds, focusing on areas as diverse as tablet computing, healthy foods and global inflation.

UK-based Balderton said it planned to capitalise on Motif’s rapid adoption in the US to help global expansion.

General partner Tim Bunting said, “There is a huge demand in European markets for more accessible and transparent financial services like Motif Investing, and we are delighted to use our expertise to introduce Motif to an entirely new set of investors and customers, and to help the company scale globally.”

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