Founders: Anand Sambasivan (CEO) & Kieran D'Silva (CFO)
Year founded: 2012
Core area of focus: Capital Markets
Previous backing: Hambro Perks, Outward VC, Pentech Ventures
In a nutshell: PrimaryBid connects everyday retail investors to listed companies raising capital.
PrimaryBid’s solution: PrimaryBid connects retail investors to live, public-market offerings where they receive real-time notifications of new transactions and can subscribe via the website or on the app. PrimaryBid has also partnered with stockbrokers who distribute PrimaryBid Offers on their behalf on a white label basis.
1. Exclusive long term partnerships with London Stock Exchange and Euronext, the leading pan-European stock exchange
2. Conflict-free model: No competitive tension from incumbents players
3. Intermediary agreements: Existing deep relationships built and will take long to replicate
4. Specialised regulatory permissions: Required significant regulatory cost and time
Experience: PrimaryBid’s founding team combine years of experience building Darwin Strategic, an investment company that successfully completed 150 deals and deployed £100m of capital, and they have extensive experience in investment banking, FCA regulated companies and a number of high calibre firms including Goldman Sachs, JP Morgan, BAML, Citi and Credit Suisse.
Traction: PrimaryBid has had over £68m of transactions through the platform to date. They’ve completed 52 transactions with UK listed companies and have exclusive commercial agreement in place with London Stock Exchange and Euronext, the leading pan-European stock exchange. It has access to over 500,000 retail investors in the UK and settlement agreement in place with 43 UK stockbrokers.