Amadeus backs Covestor
Amadeus Capital Partners has invested $12.75m in a series-B funding round for Covestor, a UK online investment marketplace, alongside existing investors.
The existing investors include Union Square Ventures, Bay Partners and Spark Capital.
The fresh capital will be used to accelerate Covestor's growth.
Company
Founded in 2006, Covestor provides investors with access to alpha-focused portfolio managers in an online marketplace. The service is designed to enable investors to compare and select from a transparent marketplace of money management talent.
The company has offices in London and Boston.
People
Anne Glover is CEO of Amadeus and a board member of Covestor.
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