Gasoline Ventures, one of many UK’s main enterprise capital corporations, has led a £4 million funding spherical in Prosper, a high-net-worth wealth administration platform that mixes cutting-edge AI with professional monetary insights.
Gasoline Ventures contributed £2 million of the overall spherical, which additionally noticed participation from current buyers.
Prosper, which already has greater than £200 million in belongings below administration, plans to make use of this capital to scale its buyer base, launch its personal market funding providing, and speed up growth of its AI-driven options. By leveraging AI, the corporate goals to ship a extremely personalised buyer expertise and diversify shoppers’ portfolios, probably resulting in stronger long-term returns.
This spherical follows an earlier angel funding that introduced on a powerful roster of backers, together with the founders of Monzo, Capital One, World First, Tandem, Azimo, and Embark, together with institutional investments from Silicon Valley’s Andreessen Horowitz (A16Z), Join Ventures, MMC Ventures, and Portfolio Ventures. Prosper’s founding crew consists of veterans from fintech corporations akin to Nutmeg and Tandem Financial institution.
Speaking concerning the funding, Mark Pearson, founding father of Gasoline Ventures, mentioned: “Prosper stands out as a truly innovative player in the wealth management space. Their use of AI to provide tailored financial help for clients at scale addresses a significant market need. Nick, Ricky, and the Prosper team are already making huge waves in the finance industry, and we look forward to seeing how they continue to redefine how wealth management services are delivered in 2025.”
Ricky Knox, chairman and co-founder of Prosper, added: “We are thrilled to close our latest investment round and have the likes of Fuel Ventures join us on this journey to reshape wealth management. Their belief in our mission to revolutionise wealth management in favour of the customer is so important to us. With this investment, we’re excited to expand our AI-driven solutions to serve even more clients and deliver exceptional value.”
With the assist of Gasoline Ventures, Prosper is poised to set a brand new customary in wealth administration, providing a contemporary various for high-net-worth shoppers searching for technology-driven providers and clear funding methods.