TreasurySpring raises $10 million Series A to capitalise on breakout year
We backed Kevin and TreasurySpring team for the first time in 2019 and we're delighted to have co-led their Series A alongside our friends at Anthemis Group.

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.
“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.”Kevin Cook, Co-founder and CEO, TreasurySpring
The 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.
“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.”Oliver Richards, Partner, MMC Ventures
Read more from Ollie on why we were so excited by the TreasurySpring team when we first invested in 'Lower Risk, Higher Returns: Why we Invested in TreasurySpring'.
Or read more on the fundraise via TechCrunch.