London's Grafton Capital invests £7 million in Third Financial, taking majority ownership

Funding Rounds

▤ Summary

Private equity firm Grafton Capital has invested £7 million into Third Financial, a London-based investment platform and software provider, taking majority ownership of the startup. Founded back in 2008, Third Financial originally saw success with ‘Tercero’, its CRM and portfolio management system for wealth managers, which the company says remains a key part of the business with a sizeable blue-chip client base. “Since its launch, the platform has been achieving steady annual growth of 40 to 50 per cent, and more recently has done so whilst maintaining profitability – pretty impressive in this economic climate,” says Edward Barroll Brown of Grafton Capital. “This investment is about backing Ian and his team to continue on this path of profitable growth. Third Financial’s Group CEO Ian Partington added that the fresh capital adds “resilience to our balance sheet, during this volatile time for our industry, and this transaction simplifies our ownership structure.”

$ Funding

$
Amount $2.0M Total raised
□
Date October 27, 2020 Announcement date
◎
Investors Grafton Capital Lead investors
▥
Company http://www.thirdfin.com Funded company

▥ Classifications

industries
Fintech & Banking
applications
Sales and Marketing

◇ AskAI Classifications

Labels
Financial Technology Investment Management Software SaaS

▦ Linked Companies