Cadro is delighted to announce the closing of its latest investment round, led by Literacy Capital, a listed investment trust headquartered in London.
The investment gives Literacy Capital a minority stake in the company, and marks an important milestone in Cadro’s mission to transform the wealth and investment management industry.
Cadro is co-founded by private office and private equity leaders Nataša Williams and Jordan Buck.
By combining the experience of its outstanding team with innovative new technology, Cadro empowers clients to become confident and engaged investors. Clients benefit from personal advice, directly and through the convenience of the Cadro app, making the process of investing enjoyable and rewarding.
Literacy Capital’s investment will support and accelerate the growth of the business, and recognises that many wealth and investment managers are highly traditional and are not keeping pace with the needs of modern high-net-worth individuals and institutions. The Cadro team has a proven track record of managing these types of clients and their investments, and a strong awareness of the evolving opportunities in the industry.
The transaction completes, once written consent is received from the Financial Conduct Authority.
For further information, please contact:
Cadro Technologies Limited
Tel: +44 (0) 2038 362 300
Nataša Williams, Co-founder & Chief Executive Officer: firstname.lastname@example.org
Jordan Buck, Co-founder & President: email@example.com
Cadro is a technology-driven wealth and investment management company, headquartered in London. It aims to bridge the gap between the personalised service of traditional investment managers and the needs of modern high-net-worth individuals and institutions. Cadro clients benefit from the world-leading experience of its investment team, bespoke advice and exclusive access to the Cadro app for personalised news on their portfolios, market insights and unique content. Cadro Technologies Limited is registered in England and Wales and regulated by the Financial Conduct Authority.
About Literacy Capital
Literacy Capital (BOOK.L) is an investment trust that was launched in 2017 by Paul Pindar and Richard Pindar, before it listed on the London Stock Exchange’s main market in June 2021. The Company focuses on opportunities to invest for the long-term in growing private UK businesses where a clear route to creating additional value can be seen. It also has a unique charitable objective to donate 0.9% of NAV annually to charities focused on improving literacy in UK children. £5.8 million has been donated or reserved for donation to charities since the trust’s creation in 2017 up until the end of 2022. For more information, please visit the Literacy Capital website: www.literacycapital.com.