HANetf Completes Second Oversubscribed Funding Round
- Latest round of fundraising brings ETF veterans ThirdStream Partners, Jim Wiandt and Roger Hodenius on as investors.
- HANetf expects to increase staff numbers by nearly 50% in 2019.
London, 06 February 2019 - HANetf,
Europe’s first independent ‘white-label’ UCITS ETF platform, has completed its
second oversubscribed funding round, bringing on a number of experienced
again oversubscribed, this latest fundraise brings on board ThirdStream
Partners, whose team led the world’s largest quantitative
investment management firm, Barclays Global Investors/iShares and includes the
ex CEO of iShares Blake Grossman, founder of ETF.com Jim Wiandt, and Roger
Hodenius, co-founder of liquidity provider Flow Traders.
These new investors will join existing
shareholders Point72 Ventures, owned by Steve Cohen, and Elkstone, a leading
family office based in Ireland.
the first successful fundraise in December 2017, this latest round is aimed at
taking advantage of current growth prospects and to expedite the development
and growth of HANetf’s platform including sales, distribution, product
management, marketing and PR. HANetf expects to increase staff numbers by
nearly 50% in 2019 and add around 10-15 ETFs per annum.
The news comes as HANetf undergoes a rebrand and launches a new website, looking to accelerate its growth in 2019. The new brand is testament to the growth of the business and the team since it launched in late 2017, and HANetf believes it is the next step in helping to add further ETFs to the platform.
saw HANetf launch its first three ETFs (EMQQ Emerging Markets Internet andEcommerce ETF, HAN-GINS Cloud Technology ETF and HAN-GINS Global InnovativeTechnology ETF) on three major markets in London, Italy and Germany.
provides the complete technical and regulatory infrastructure needed to
successfully launch and manage UCITS ETFs without asset managers having to develop
in-house infrastructure or incur a substantial cost base.
Nik Bienkowski, Founder and co-CEO of
HANetf, said: “2018
was a milestone year for HANetf, and the European asset management as a whole.
By launching Europe’s first ‘white labelled’ ETF, and following it up with a
further two, highlights the desire from asset managers to enter the market, and
an understanding of the benefits ETFs bring.
are delighted to have completed another oversubscribed funding round, and to
bring on some investors with significant expertise in the industry. We expect
2019 to be another fruitful year for the industry and with demand increasing,
we fully expect more businesses to be considering a move towards ETFs and the
Blake Grossman, Managing Member of ThirdStream
Partners, added: "We have been greatly impressed by what HANetf has delivered in a relatively short span of time. Nik and Hector [McNeil] have deep and proven expertise in the European ETF industry, and have been major contributors to its growth and success. We believe the opportunity that HANetf presents to asset managers who want to grow in the current environment is compelling, and we are excited to be working with them and the other shareholders.