froots is an Austrian asset management company based in Vienna, founded in 2021. The company's slogan, "Asset management of the Future. Easy, Profitable, Available," reflects its mission to provide a new approach to wealth management. Targeting individuals dissatisfied with traditional investment options, froots aims to offer a transparent, low-fee, and flexible investment solution tailored to individual goals and needs.
The company recently secured a €2.50M Seed Round investment on 18 June 2024 from a notable group of investors including Big Cheese Ventures, Philipp Freyschlag, Andreas Treichl, Gina Goëss, Alan Morgan, Matteo Thun, and Farid Sigari Madj. This injection of capital signifies confidence in froots' innovative approach to wealth management and its potential for growth in the finance, financial services, fintech, and wealth management industries.
froots' commitment to offering a personalized investment strategy, free from conflicts of interest, aligns with the growing demand for more customer-centric and transparent financial services. As the company continues to attract investment and expand its reach, it presents an intriguing opportunity for venture capitalists looking to support the evolution of asset management in the digital age.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Seed Round | €2.50M | 7 | Philipp Freyschlag, Andreas Treichl +4 | 18 Jun 2024 |
Convertible Note | €1.05M | 3 | Georg Kapsch, Gregor Schlierenzauer +1 | 01 Jun 2023 |
Angel Round | Unknown | 1 | Gregor Schlierenzauer | 09 Mar 2023 |
Seed Round | €2.50M | 7 | Kiril Klaturov, Greyhound Capital +5 | 30 May 2022 |
Pre Seed Round | €800.00K | 1 | Andreas Treichl | 22 Jun 2021 |
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