EQT Ventures leads $12m series-A for Peanut

The firm drew equity from its EQT Ventures II fund, which closed on €660m in November 2019.

Index Ventures and Female Founders Fund also participated in the round.

Naza Metghalchi from EQT Ventures joins Peanut's majority-female board, alongside Hannah Seal from existing investor Index Ventures.

Since the outbreak of Covid-19, engagement on Peanut is up 30%, and there has been a 40% increase in content consumption, according to a statement.

Previous funding
Peanut secured an undisclosed funding co-led by Sweet Capital Investment and Female Founders Fund in 2017. As a part of the funding, it also received cash from Greycroft and Sound Ventures, the venture capital firm founded by Ashton Kutcher.

In 2019, Peanut secured a $5m funding round led by Index Ventures.

Company
Peanut is a social network that aims to connect women at a similar stage in life. Founded in 2017 and based in London, the company employs 16 people.

People
EQT Ventures – Naza Metghalchi (venture lead).
Peanut – Michelle Kennedy (founder).

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• Topics
• Expansion
• UK / Ireland
• Technology
• United Kingdom
• Index Ventures
• EQT Ventures
• coronavirus