L Catterton led a £50m Series B funding round in Freetrade.

L Catterton, a private equity firm, led a £50m Series B funding round in Freetrade, a trading platform provider. The deal saw participation from LSE-listed VC, Draper Esprit. “This is a transformational investment that will supercharge our mission to get everyone investing. It’s painful to see millions of investors across Europe stuck paying high fees and bogged down by complex terms and conditions. The costs of offering essential services like share dealing are simply not justifiable and erode valuable returns. Everyone already invests their time and their money on a daily basis, but there is so much more that millions can be doing to get the most out of their money. We are committed to helping everyone to achieve better financial outcomes,” Adam Dod, Freetrade CEO.