Digital financial advice service Netwealth has completed its fourth round of fundraising thanks to a large investment from former Marks & Spencer boss Stuart Rose.
Other investors include Jupiter Fund Management former-CEO Edward Bonham Carter, former Prudential and Man Group chairman Harvey McGrath, and Lloyds of London chairman and Santander vice-chair Bruce Carnegie-Brown. In addition, ICAP founder Michael Spencer, who previously invested £5 million as part of a £10 million funding round in 2019, has also exercised his option to commit a further £5 million, taking the latest additional funding to £11.3 million. The proceeds from the funding round will be used to support growth and further investments in technology. Netwealth said it is also t...
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