Access to CMC CapX secondary funding is set to allow clients of the platform to invest in big name private companies, the capital raising service has stated in a recent update.
Professional clients of CMC Markets‘ CapX service are expected to be able to invest in household names such as Elon Musk’s spacecraft manufacturer SpaceX and Swedish buy-now-pay-later app Klarna “in the near future”, according to CapX’s October newsletter.
This would allow CMC CapX secondary funding investors to join major institutional backers in these firms.
For example, SpaceX is funded by Peter Thiel’s Founders Fund, Fidelity Investments, Google Ventures, Baillie Gifford.
Klarna’s institutional investors include leading venture capital firm Sequoia Capital and private equity group Silver Lake Partners.
In addition to Klarna, European CMC CapX secondary funding options are set to include carpooling marketplace BlaBlaCar, events platform operator Dice, fintech GoCardless and healthcare platform Doctolil.
US private companies are expected to include risk detection platform Dataminr, AI software developer Sandbox IQ, crypto platform Kraken, microinvestments platform Acorns. and cloud infrastructure platform CoreWeave, as well as SpaceX.
The move to offer UK investors access to CMC CapX secondary funding in international private companies comes as the UK’s AIM exchange – a more traditional source of fundraising for smaller companies – has seen its status dwindle in recent years.
Earlier this month, over 100 major London-listed companies, including Fevertree Drinks and YouGov, wrote to chancellor warning about the impact of doubt over the future of inheritance tax relief tied to the market,
The letter said the uncertainty “has significantly impacted the ability of AIM businesses to raise capital”.
“A lack of clarity on the future of this relief has damaged investor confidence, showing clearly the close link between the relief and the future success of the market.”
In an unaudited trading update this week, CMC Markets reported profit shot up £51 million in the six months to the end of September, from a loss in the same period of the year before, as the platform onboarded clients of Revolut following partnership agreement in June.
Robin has more than six years of experience as a financial journalist, most of which were spent at Citywire, and covers the latest developments in the investing, trading and currency transfer space. Outside of work, he enjoys reading literature and philosophy and playing the piano.
You can contact Robin at robin@goodmoneyguide.com
