About ETFS Capital
ETFS Capital is a venture capital firm founded in 2003. It is primarily based out of Saint Helier, Jersey. As of Jan 2025, ETFS Capital has invested in 16 companies. It primarily invests in Series A round in United Kingdom based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to FinTech and Blockchain Technology. Most recently it participated in the $***** Series C round of Fundment Overall, ETFS Capital portfolio has seen 1 unicorn and 5 acquisitions including key companies like 21Shares, ULTUMUS and WealthKernel. A lot of funds co-invest with ETFS Capital, with names like MMC Ventures sharing a substantial percentage of its portfolio. ETFS Capital has team of 8 people including 3 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 1 more
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
ETFS Capital's List of Top Investments
ETFS Capital has a portfolio of 16 companies, one of which is a Unicorn. Their most notable investments are in Fundment and Skylight IPV.Their portfolio spans across United Kingdom, United States, France and 2 more locations. They have invested in Enterprise Applications, FinTech, Blockchain Technology and 5 other sectors, across stages such as Series A, Seed and 1 more. Here is the list of top investments by ETFS Capital:
TreasurySpring is an issuer of fixed-term funds includes sovereign FTFs, financial FTFs, and Corporate FTFs. It offers funds with risk-adjusted returns for corporates and financial institutes. Also, it offers a platform to a single investment grade issuer for a fixed term.
Key facts about TreasurySpring
- Founded Year: 2016
- Location: London (United Kingdom)
- Stage: Series B
- Total Funding till date: $41.5M
- Employee Count: 95 as on May 31, 2026
- Investors: Mubadala, Balderton Capital and 49 Others
- Latest Funding Round: Series B, Jun 21, 2023, $*****
- Highlight: Editors' Pick
2. 21Shares
Key facts about 21Shares
- Founded Year: 2018
- Location: Zurich (Switzerland)
- Stage: Acquired
- Employee Count: 104 as on May 31, 2026
- Investors: Valor Equity Partners, ETFS Capital and 3 Others
- Highlight: Acquired
3. ULTUMUS
Financial data management company that provides ETF and index data to users. It captures, normalizes, and distributes real-time ETF and index composition data across the market. Offers ETF EDGE which provides composition data for global ETFs, ETF GEN for reference data, INDEX EDGE for the global index data, and ETF STREAM which provides performance data.
Key facts about ULTUMUS
- Founded Year: 2016
- Location: London (United Kingdom)
- Annual Revenue: £1M - £10M as on Mar 31, 2020
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $10.3M
- Employee Count: 54 as on May 31, 2026
- Investors: ETFS Capital
- Latest Funding Round: Series A, Jul 03, 2020, $*****
- Highlight: Acquired
4. Neat
Provider of white-label insurance solutions for e-commerce businesses. It offers customized insurance products integrated into digital and physical sales processes. The company handles claims management and provides real-time eligibility checks for e-commerce catalogs. Its services aim to increase merchant revenue, enhance customer loyalty through purchase protection, and simplify the integration of insurance offerings. It supports various sectors, including fintech, e-commerce, and travel. The company also assists businesses lacking in-house technical expertise with seamless integration.
Key facts about Neat
- Founded Year: 2022
- Location: Bordeaux (France)
- Stage: Series A
- Total Funding till date: $42.9M
- Employee Count: 100 as on May 31, 2026
- Investors: Hedosophia, Mundi Ventures and 6 Others
- Latest Funding Round: Conventional Debt, Sep 10, 2024, $*****
5. WealthKernel
Wealth management as a service for embedded investments. It provide advisors with a managed account digital platform that delivers automated investment advice to clients simultaneously ensuring the RDR compliance procedures.
Key facts about WealthKernel
- Founded Year: 2015
- Location: London (United Kingdom)
- Annual Revenue: £0 - £1M as on Dec 31, 2023
- Stage: Acquired
- Total Funding till date: $20.5M
- Employee Count: 31 as on May 31, 2026
- Investors: Launchbay Capital, London Co-Investment Fund and 9 Others
- Latest Funding Round: Series A, Jan 24, 2024, $*****
- Highlight: Acquired
ETFS Capital's Year-on-Year Investment Trends
ETFS Capital has invested in 17 companies over the last 10 years, with an average of 1 new investment annually in the last 10 years. In 2025, it made 1 investment. Its most recent first time investment was in Neat and most recent follow-on round was in Fundment.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 1 | 1 |
2024 | 3 | 2 | 5 |
2023 | 0 | 1 | 1 |
2022 | 1 | 1 | 2 |
2021 | 0 | 1 | 1 |
2020 | 4 | 0 | 4 |
2019 | 3 | 0 | 3 |
ETFS Capital's Investments by Stage
ETFS Capital has made 6 investments in Series A stage with an average round size of $14.5M, 5 investments in Seed stage with an average round size of $3M and 1 investment in Series B stage with an average round size of $10M.Stage of entry | No. of Investments |
|---|---|
Series A | 6 |
Seed | 5 |
Series B | 1 |
Note: We have considered here, only first round of investments
ETFS Capital's Investments by Sector
ETFS Capital has a diverse portfolio, with companies operating in the FinTech, Enterprise Applications, Financial Services, Vertical SaaS and Blockchain - Industry Applications. Notably, it has invested in 13 Tech companies, 11 Enterprise (B2B) companies, 8 Software companies and at least 3 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
FinTech | 10 |
Enterprise Applications | 7 |
Financial Services | 2 |
Vertical SaaS | 2 |
Blockchain - Industry Applications | 1 |
Others | 3 |
Note: We have considered here, only first round of investments
ETFS Capital's Investments by Geography
ETFS Capital has made most investments in United Kingdom (7), followed by United States where it has made 4 investments.Country | No. of Investments |
|---|---|
United Kingdom | 7 |
United States | 4 |
France | 1 |
Note: We have considered here, only first round of investments
ETFS Capital's recent investments
ETFS Capital has not made any investment in 2026 so far.Here are the most recent investments by ETFS Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jan 20, 2025 | United Kingdom | Series C | 8195 | ||
Sep 10, 2024 | France | Conventional Debt | 6319 | [+2] | |
Sep 10, 2024 | France | Series A | 1812 | [+2] | |
Sep 04, 2024 | United Kingdom | Series B | 8656 | ||
Jan 24, 2024 | United Kingdom | Series A | 4609 |
Unicorns in ETFS Capital's Portfolio
ETFS Capital has 1 unicorn in its portfolio - 21.co. The most recent unicorn in their portfolio is 21.co which became a unicorn in 2022.Here is a list of unicorns in ETFS Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
52 | Financial services platform for cryptocurrencies | 2013 | New York City | Series A | lyblfht |
Acquired companies in ETFS Capital's Portfolio
5 companies from ETFS Capital's portfolio have been acquired. The most recent acquisition was 21Shares in Nov 2025 by FalconX for $*****.Here are ETFS Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 20, 2025 | - | - | 3766 | |
Jul 10, 2025 | Jan 21, 2020 | Series A | 9413 | |
Jun 17, 2025 | - | - | 6959 | |
Sep 08, 2021 | Oct 08, 2019 | Series A | 7507 | |
Jul 13, 2021 | 2016 | Seed | 5603 |
Team profile of ETFS Capital
ETFS Capital has a team of 8 members including 3 Partners, 1 Venture Partner and 2 Principals located in United Kingdom, Australia and 1 more location. ETFS Capital's team sits on the board of 2 companies.Here is a list of all team members in ETFS Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | - | |||
Partner | Melbourne | - | ||
Partner | London | - | ||
Venture Partner | London | - | ||
Principal | London | - | ||
Principal | Egypt | - | - |
Co-investors of ETFS Capital
Over the past 10 years, 37 investors have co-invested in ETFS Capital's portfolio companies. This includes funds and angels.
- Invested before ETFS Capital: Eden Rock Capital Management, Mundi Ventures and 14 others have invested in rounds before ETFS Capital. There is 1 company where Eden Rock Capital Management has invested before ETFS Capital and 1 company where Mundi Ventures has invested before ETFS Capital.
- Top Co-investors of ETFS Capital: 11 investors entered a company along with ETFS Capital. These include investors like MMC Ventures (1 company).
- Invested after ETFS Capital: A total of 10 investors have invested in ETFS Capital's portfolio after their investments. Top Investors include Anthemis Group (1 company), Balderton Capital (1 company) and Mubadala (1 company).
Recent News related to ETFS Capital
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Tivan Secures $50M Financing and Partnerships to Revive Molyhil Tungsten ProjectAustralian Mining•Jun 25, 2026•Tivan, ETFS Capital, Sumitomo
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Osborne Clarke outlines role on £45m funding roundInsider Media•Jan 24, 2025•Fundment, Highland Europe, Osborne Clarke, ETFS Capital
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French embedded insurance startup Neat secures $55 millionTechCrunch+•Sep 10, 2024•Neat, Mundi Ventures, Athletico, Hedosophia and 3 others
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ETFS Capital Delivers for WisdomTree StockholdersGlobeNewswire•Jun 03, 2024•ETFS Capital, WisdomTree, Institutional Shareholder Services, Glass Lewis
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ETFS Capital Calls on WisdomTree to Stop Fighting Stockholders and Run a Strategic ProcessGlobeNewswire•May 14, 2024•ETFS Capital
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SIX Invests In BITA And Expands Indexing And Technology PartnershipMondovisione•Mar 20, 2024•SIX, BITA, ETFS Capital, Volta Ventures and 1 other
