Minexia Ltd, the owner of NR Private Market is to use the investing platform to raise GBP350,000 at 15p per share to beef up its IP and technological infrastructure.
The funding will also allow it to continue its diversification into parallel and complementary “Fin-tech” and “Green-tech” platform verticals, all of which will sit under the Minexia umbrella.
Originally focused on mining, the NR Private Market global platform gives registered high net worth investors access to a pipeline of quality, pre-screened opportunities.
Since its launch at the start of 2019, the platform has raised GBP15mln in ten deals that recently included its first non-mining deal in Hi55, a FinTech business that raised GBP3.2mln.
Minexia added it has been cashflow positive since the second quarter of 2020 and is forecasting revenues of GBP190,000 for 2020 rising to monthly recurring revenues (MRR) of GBP100,000 in the fourth quarter of 2021.