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ETFS Capital

Europe, England, United Kingdom, London

Description

ETFS Capital is a London-based investment company with a distinct focus on the FinTech and broader financial services sectors, including capital markets, digital assets, and commodities. Founded by Graham Tuckwell, the visionary behind ETF Securities – the firm that launched the world's first gold ETF in 2003 – ETFS Capital leverages deep industry expertise to identify and nurture transformative businesses. Tuckwell's prior venture, ETF Securities, was notably sold for an aggregate of approximately $683 million in 2018, underscoring the significant financial acumen and market understanding that underpins ETFS Capital's operations.

The firm's investment strategy is characterized by a long-term, strategic approach, often taking significant stakes in companies that are poised to disrupt or enhance the financial ecosystem. They are not confined to a specific stage, investing across the spectrum from early-stage startups requiring foundational capital to more established companies seeking growth equity or strategic partnerships. This flexibility allows ETFS Capital to engage with a diverse range of opportunities, providing not just capital but also strategic guidance derived from their extensive experience in financial markets, technology, and regulation.

ETFS Capital's portfolio reflects its specialized focus, featuring prominent names such as HANetf, a leading UCITS ETF platform where ETFS Capital was a founding shareholder, and CoinShares, a major European digital asset investment firm. Their involvement with CoinShares, which notably raised a $140 million Series B round, exemplifies their commitment to supporting portfolio companies through various growth phases. With at least 11 reported investments, ETFS Capital demonstrates a consistent commitment to building a robust portfolio of innovative financial enterprises. Their typical first cheques range from strategic early-stage investments in the low single-digit millions to more substantial growth capital deployments.

The firm's unique heritage in the ETF space, combined with its forward-looking perspective on FinTech and digital assets, positions ETFS Capital as a sophisticated and influential investor. They seek to partner with founders and management teams who are building the next generation of financial infrastructure and services, providing the necessary capital and strategic support to scale their vision and achieve significant market impact.

Investor Profile

ETFS Capital has backed more than 22 startups, with 3 new investments in the last 12 months alone. The firm has led 11 rounds, about 50% of its total and boasts 2 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Series Unknown, Seed rounds (top funding stages).
  • Majority of deals are located in United Kingdom, United States, Switzerland.
  • Strong thematic focus on Financial Services, FinTech, Finance.
  • Led 1 rounds in the past year.
  • Typical check size: $2M – $25M.

Stage Focus

  • Series A (36%)
  • Series Unknown (32%)
  • Seed (18%)
  • Series B (9%)
  • Series C (5%)

Country Focus

  • United Kingdom (59%)
  • United States (18%)
  • Switzerland (9%)
  • Germany (9%)
  • France (5%)

Industry Focus

  • Financial Services
  • Fintech
  • Finance
  • Software
  • Consulting
  • Asset Management
  • Banking
  • Venture Capital
  • Cryptocurrency
  • B2b
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does ETFS Capital frequently co-invest with?

MMC Ventures
Europe, England, United Kingdom, London
Co-Investments: 3
QV
North America, New York, United States, New York
Co-Investments: 2
HPA (Hyde Park Angels)
North America, Illinois, United States, Chicago
Co-Investments: 1
Valor Equity Partners
North America, Illinois, United States, Chicago
Co-Investments: 2
C
North America, Oregon, United States, Eugene
Co-Investments: 2
ESO Capital Group
Europe, England, United Kingdom, London
Co-Investments: 1
Marshall Wace
Europe, England, United Kingdom, London
Co-Investments: 2
Anthemis
Europe, England, United Kingdom, London
Co-Investments: 2
Balderton Capital
Europe, England, United Kingdom, London
Co-Investments: 1
XTX Ventures
Europe, England, United Kingdom, London
Co-Investments: 3

What are some of recent deals done by ETFS Capital?

Fundment

London, England, United Kingdom

Fundment is a technology platform that integrates fund management with digital investment technology to enhance adviser services.

FinanceFinancial ServicesFinTechImpact InvestingSoftware
Series CJan 20, 2025
Amount Raised: $55,477,066
Neat

Bordeaux, Aquitaine, France

Neat is an InsurTech startup that provides retailers with embedded insurance solutions.

Financial ServicesInsurance
Series ASep 10, 2024
Amount Raised: $33,060,984
Cognitive Credit

London, England, United Kingdom

Cognitive Credit offers credit analytics, financial data integrity, and systematic update services.

Financial ServicesSoftwareStock Exchanges
Series BSep 4, 2024
Amount Raised: $10,000,000
WealthKernel

London, England, United Kingdom

WealthKernel is a supplier of infrastructure for companies looking to offer digital investment services.

Asset ManagementB2BDeveloper APIsDeveloper PlatformEnterpriseFinanceFinancial ServicesFinTechSoftwareTrading Platform
Series AJan 24, 2024
Amount Raised: $7,630,782
Alphathena

Chicago, Illinois, United States

Alphathena offers AI driven personalization platform for Financial Advisors and Wealthtech industry.

Artificial Intelligence (AI)CryptocurrencyFinancial ServicesFinTech
SeedJan 18, 2024
Amount Raised: $4,000,000
TreasurySpring

London, England, United Kingdom

TreasurySpring is a b2b fintech that enables clients to minimise risk and maximise return on excess cash through a unique platform.

BankingConsultingFinancial ServicesFinTechVenture Capital
Series BJun 21, 2023
Amount Raised: $29,000,000
21Shares

Zurich, Zurich, Switzerland

21Shares makes investing in cryptocurrencies easy by using conventional brokers or banks.

BlockchainCryptocurrencyFinancial ServicesFinTechInformation Technology
Series UnknownSep 7, 2022
Amount Raised: $25,000,000
21.co

Zurich, Zurich, Switzerland

21.co is a cryptocurrency company providing access to crypto through simple and easy-to-use products.

BlockchainCryptocurrencyFinancial ServicesFinTech
Series UnknownSep 6, 2022
Amount Raised: $25,000,000
WealthKernel

London, England, United Kingdom

WealthKernel is a supplier of infrastructure for companies looking to offer digital investment services.

Asset ManagementB2BDeveloper APIsDeveloper PlatformEnterpriseFinanceFinancial ServicesFinTechSoftwareTrading Platform
Series AJan 17, 2022
Amount Raised: $7,000,000
BITA

Frankfurt, Hessen, Germany

BITA is the world's first provider of end-to-end infrastructure for self-indexing and systematic investing.

FinanceFinancial ServicesFinTech
Series ANov 9, 2021
Amount Raised: $6,956,699