MoneyFarm Raises €16M in Venture Capital Funding

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MoneyFarm, a Milan, Italy and London, UK-based tech-driven investment advisory firm, raised €16m in venture capital funding.Backers included Cabot Square Capital and United Ventures.Founded in March 2011 by Paolo Galvani, President, and Giovanni Daprà, CEO, MoneyFarm leverages a digital wealth management platform to provide independent investment advisory services to small savers.Its proprietary technology allows the company to create a unique profile based on a customer’s investment target and risk propesity.A team of experts continuously monitors the investment state and provides recommendations, if needed, to rebalance portfolio according to market trends.

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