The funding was led by 3i, which has made a $97 million investment, and VantagePoint Venture Partners, an existing Gain investor, which injected $20 million. As a result, 3i US Growth Capital Partner Whitney Bower joins Gain’s board of directors.
Gain has not disclosed what portion of its business it has sold, other than to say that the investment is for a minority stake. A portion of the proceeds will go to the company’s balance sheet to facilitate larger trading relationships with leveraged funds and institutions globally, as well as to support Gain’s growing white-label business.
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