London-based Sidekick, a robo-advisory platform, has raised GBP 8.5 million (~USD 10.3 million) in funding, which comprises GBP 4.5 million (~USD 5.7 million) in seed funding and GBP 4 million (~USD 5.1 million) via a debt facility. Pact VC and TheVentureCity co-led the seed funding round, with participation from MS&AD, Blackwood, 1818, and others. Sidekick's total funding now stands at GBP 11.8 million (~USD 15 million).

The funds raised will be used to continue expanding its team, broaden its product offerings, and secure a European license.

Sidekick has obtained various regulatory permissions from the Financial Conduct Authority (FCA) and launched its actively managed equities offering this January.

Analyst QuickTake: In March, Sidekick announced the full launch of its platform, over a year after its pre-seed fundraising of GBP 3.3 million (~USD 4.2 million) in October 2022. Sidekick’s recent funding also reiterates its focus on business growth through expanding investment offerings and plans to secure a European license to ensure compliance.