TreasurySpring secures £7 million Series A investment co-led by MMC Ventures and Anthemis Group

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TreasurySpring raises $10m Series A to capitalise on breakout year

London, 10th June, 2021: TreasurySpring, the London-based financial technology company that operates the world’s first Fixed-Term Fund platform today announced the closing of its latest capital raise, securing more than $10m of new investment in a round that was co-led by MMC Ventures and Anthemis Group, with participation from existing investors, including ETFS Capital. The company has now raised more than $15m since its first external capital injection in November 2017.

Founded in 2016 by long-term business partners Kevin Cook, Matthew Longhurst and James Skillen, TreasurySpring’s FTF platform enables all holders of large cash balances to minimise risk and maximise returns, providing simple, digital access to a diverse menu of proprietary cash investments. Through a single online onboarding, clients can already choose from 120+ investment options on a daily basis, offering them unique exposure to asset classes that have historically only been available to major financial institutions.

In the current climate of ultra-low and negative interest rates, coupled with an uncertain credit outlook, an ever-increasing number of institutional clients across all sectors and geographies are looking for alternatives to traditional bank deposits and money market funds. Having only publicly launched its Fixed-Term Fund platform in September 2019, TreasurySpring has already issued more than $9B of FTFs to a fast-growing institutional client-base including FTSE 100 and other listed companies, IGO’s, leading fund managers from the Private Equity, Venture Capital, Real Estate and Hedge Fund sectors, large private companies, charities and family offices.

Kevin Cook, Co-founder and CEO said:

“Following a break-out 12 months in which we increased AUM by 10x, we wanted to bring in the best possible investment partners to support our ambitious growth plans. We have long admired both Anthemis Group and MMC, so I am delighted that they co-led the round and we are excited to work with Sean, Ollie and their respective teams, as we move into the next phase of our journey to redefine cash investment and front-office treasury.”

The financing round will support the growth of the team, with a particular focus on sales and marketing. The firm has already attracted Oscar Coyle, who will join from HSBC as a Sales Director later this month. In addition to continued investment in the platform’s core technology and operations, funds will also be deployed to accelerate expansion across sectors and geographies, as well as number of exciting new product and marketing initiatives.

Yann Ranchere, Partner at Anthemis Group said,

‘With its ambitious and mission-driven team, TreaurySpring is opening the traditional money market industry to a whole new pool of participants. As investors, we believe that the platform’s fund products will supply investors with new and more versatile methods of diversification.”

Oliver Richards, Partner at MMC Ventures added:

“Having worked with the team at TreasurySpring for the last two years, we have absolute confidence in their ability to deliver on their unique vision to level the playing field in cash investing and short-term funding, through a platform that not only brings value to its clients and issuers but also enhances the diversification and systemic stability of the money markets as a whole.”


Media contacts:
Lily Wiggins, FieldHouse Associates
[email protected]

About TreasurySpring
TreasurySpring is a London-based financial technology company that is unlocking multi-trillion dollar short-term money markets through its groundbreaking Fixed-Term Fund (FTF) platform. Fixed-Term Funds offer clients a simple, digital way to minimise risk and maximise returns on excess cash holdings, enabling them to invest surplus cash in the same way as the world’s largest treasury teams at the click of a button, without any infrastructure requirements.
An FTF operates in the same way as a term deposit, or notice account, offering exposure to a particular issuer, for a fixed-term, ranging from a week to a year. A single onboarding to TreasurySpring’s simple digital platform can be completed within days and provides access to an ever-growing menu of FTFs across three core verticals: Governments, banks and corporations, always of a high credit quality. In the bank space, the focus is on secured exposures rather than unsecured deposits, enabling clients to reduce credit exposure whilst typically also increasing yield. Every FTF is 100% maturity-matched, so clients are never exposed to “run risk”.

For more information, please visit, follow us on [email protected] or visit our
LinkedIn page.

About Anthemis Group
Anthemis Group is a venture investment platform that cultivates change in the financial system by investing in, growing, and sustaining businesses committed to resiliency, transparency, access and equity. Founded on three guiding principles—authentic collaboration, virtuous cycle outcomes and diversity and inclusivity—our deep understanding of markets and models, passion for emerging technology and values inspire everything we do. By creating fertile ground for a diverse group of startups, investors, entrepreneurs, institutions, academics, and visionaries to converge, we believe we can solve the financial systems most pressing challenges faster, better and for the benefit of all. Learn more at

About MMC Ventures
MMC funds and helps scale technology companies that are transforming today’s markets. It has been backing transformative tech companies from the Seed and Series A stage since 2000.

MMC commits to a deep understanding of each company’s underlying technology and business model to help make better decisions and be more effective partners.

Transformative technology companies MMC has backed to date include Gousto, Interactive Investor, NewVoiceMedia, Current Health, Signal AI, Bloom & Wild and Peak.

Explore MMC’s research and other actionable insights at

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Safiya Marzook

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