Shares raises another 39 million in a series B round led by Valar Ventures

MADRID, 25 Jul. (EUROPA PRESS) -

The social investment platform Shares has raised 40 million dollars (39.26 million euros) in a series B financing round led by Valar Ventures and which has been made possible thanks to the success of its launch in the United Kingdom last May. , as highlighted by the company in a statement.

This collection brings the total raised to 90 million dollars (88.36 million euros), after the platform closed an investment round also of 40 million dollars a few months ago.

With its launch in the United Kingdom, the company has achieved 150,000 users. Of these, 66% correspond to the 'Z' generation and 26% to the 'millennials'.

Shares will use the recent investment to further innovate its product and create community-focused features that make it easier to access investments. It will also support the expansion and growth of the company in European Union (EU) countries and entry into other international markets.

"It is fantastic to see the strong confidence our investors have not only in the Shares platform, but also in the team behind it (...). This latest investment from Valar Ventures will serve to reinforce our growing momentum, supporting the next stage of our expansion in Europe which, in turn, will act as a springboard to international audiences," said the company's founder and CEO, Benjamin Chemla.

The platform expects to start operating in the rest of Europe at the end of the year, an operation that is still pending the relevant regulatory approvals and for which it has begun to hire regional general managers and teams in Barcelona, ​​Berlin, Stockholm, Krakow and Amsterdam. .

Separately, Shares will enter the Web3 space and is evaluating its proposal for cryptocurrencies, which will allow users to transact digital assets directly in the app.