Penfold

Gresham House Ventures has led a £3.9m investment round in Penfold, a UK digital workplace pension platform, to support expansion across SME and accountancy markets.

Summary of transaction details:

• Value: £3.9m
• Sector: Fintech
• Advisor: Not disclosed
• Key Entities: Penfold; Gresham House Ventures; Baronsmead VCTs; Mobeus VCTs
• Location: United Kingdom

Note: The investment is intended to help Penfold scale its UK presence, enhance its pension app, and capitalise on growing demand for digital pension administration and SME-friendly salary sacrifice services.