Vennre, a UK-based platform focused on wealth creation, has announced the completion of a $9.6 million pre-Series A funding round. The funding, structured as a hybrid of equity and debt, was co-led by Vision Ventures and anb seed Fund, with participation from Sanabil 500, Ace & Co, Plus VC, and a group of strategic investors from the private banking, technology, and entrepreneurship sectors.

Objective: Democratize Investments

Vennre aims to provide high-earning professionals with access to investment opportunities previously reserved for institutional investors and ultra-high-net-worth individuals. The platform offers a selection of investments across various asset classes, including real estate, private equity, venture capital, and private credit, with investment minimums starting at around $5,000. Sharia-compliant options are also available.

Expansion and New Features

The company intends to use the capital raised to expand its client base, launch new platform features, and strengthen its presence in Saudi Arabia, in line with the ongoing liberalization of the financial sector and the growth of fintech in the region.