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PrimaryBid raises $190m in SoftBank-led funding round

By Alexandra Leonards

FinTech platform PrimaryBid has closed a $190 million Series C investment round led by SoftBank Vision Fund 2.

The company, which aims to provide retail investors with “fair access to public markets”, said that the investment follows a period of accelerated growth in 2021.

“Our ambition is to democratize public market offerings through a combination of technology, data and advocacy. Our platform deepens the relationships public companies have with their stakeholders and helps them make their equity and debt offerings more inclusive”, said Anand Sambasivan, chief executive and co-founder of PrimaryBid. “We are proud to welcome SoftBank to our ownership and thank our existing investors for their continued support.

“This fundraising will enable us to deliver PrimaryBid’s infrastructure to companies internationally, expand our product portfolio, and attract best-in-class technology and capital markets talent”.

PrimaryBid said the latest investment will be used to expand its offering across continental Europe. It also revealed plans to launch in other new locations, including the US.

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