Velocity, Holtzbrinck invest $12.5m in Bux

The funding round also included debt financing from Kreos Capital. 

The fresh capital will help Bux with the acquisition of the online broker Ayondo Markets, Bux's back-end provider for their current trading app. It will also support the launch and first stage of Bux's soon-to-launch app, Stocks, which will allow Europeans to invest commission-free from July 2019.

The total amount raised for the Dutch startup is $35m so far, having received backing from Holtzbrinck, Velocity, Finch Capital and Initial Capital.

Previous
Finch first backed the startup in 2014. A year later, Initial Capital and Velocity injected $1.9m into Bux to help it expand across Europe. The three VCs subsequently took part in a $6.9m round in 2016.

Finally, Holtzbrinck led the €10.6m series-C for Bux in 2017, while Velocity and other angel investors also participated in this round.

Company
Founded in 2014 and based in Amsterdam, BUX is a developer of a stock trading application for people with little or no experience of market trading. The company claims to have two million users in nine countries. It has partnered with British-German broker Ayondo Markets, which is licensed by the UK's Financial Conduct Authority (FCA).

People
Holtzbrinck Ventures – Barbod Namini (partner).
Velocity Capital Fintech Ventures – Willem Willemstein (founder, general partner).

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• Topics
• Expansion
• Benelux
• Technology
• Netherlands
• Holtzbrinck Ventures
• Venture