CoInvestor, the online marketplace for alternative assets which allows private investors to invest alongside experienced fund managers, has added more funds to its platform.
Newcomers are Mercia Fund Management, Deepbridge Capital, Par Equity and Symvan Capital. They join existing fund managers Oxford Capital, MMC Ventures and Oxford Technology.
The funds are currently focused on EIS, but a number of VCT managers are set to join the platform over the coming weeks.
CoInvestor’s user base almost doubled in the last quarter of 2016, as increasing numbers of direct investors and advisers look online to diversify their portfolios.
Founder of CoInvestor Charles Owen (pictured above) said: “Following continued support from the industry for what we are doing at CoInvestor, we’re thrilled to be expanding our service, providing more choice for investors and better access for advisers. We have removed the burden of paperwork associated with investing in a fund, by entirely digitising the application process. This streamlined approach has the potential to save investors, and particularly advisers, several hours of work.”
Director at Oxford Capital Richard Roberts said: “We continue to work closely with CoInvestor and are excited to see how their evolution is helping us to grow our own business, and service our adviser community and investors in a more convenient way for them.”
Anna Slemmings of MMC Ventures said: “We continue to see a trend towards investors looking to use online tools to make direct and fund investments and it’s great to see the CoInvestor platform extending its offering to meet this need. The addition of online fund applications to the platform will offer investors the convenience of applying for our EIS funds online without disrupting our current operational processes.”