Macrovue has announced that it is concluding a bridging funding round before its forthcoming Series A round and appointed to its board Brendan Foley, a serial entrepreneur and investor in financial services and technology start-ups.
Macrovue is an online brokerage service using in-house research to construct theme-based portfolios of global companies, giving Australians a unique and easy route to holding international equities. The funding round includes Brendan’s Gatica Investments, high net-worth individuals, and a follow-on investment from AMP New Ventures.
Brendan brings to Macrovue’s board more than 30 years of experience in the financial services industry, including being a co-founder and the Managing Director of the Select Asset Management Limited group, before its sale to ASX listed OneVue Holdings Limited in August 2014.
As the principal of Gatica Investments, Brendan invests in high-growth businesses in the finance and technology space as well as proving director and adviser services. Brendan will advise Macrovue on its go-to-market, sales and distribution strategies as the company moves from beta to a public launch in the third quarter.
Australian investors need more choice and access to international equities, not only when it comes to investment options but also in terms of the financial service providers available to them.
“Macrovue is an exciting, new company poised to establish itself in a space ripe for competition. I’m very pleased not only to be an early investor but also to be an active driver of the company’s growth,” said Brendan.
“We are in the process of building a world-class investment solution that will give Australian investors unprecedented access to global markets. Brendan with his experience building companies is an invaluable addition to our team and we are excited to learn from him and work alongside him,’’ said Sid Sahgal, the CEO of Macrovue.