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Sydney based investment management platform Macrovue has raised $1.25m in venture funding from AMP, James Goodwin, Inception Asset Management and other high net-worth investors. Macrovue was founded in 2014 by Sid Sahgal and Devanjan Sinha, both formerly quantitative analysts at Bank of America Merrill Lynch. The company offers a platform that makes it easy for self-directed investors to access global equity markets through thematic investing plans.
These themes range from the popular “Water Scarcity” theme to “Silver Haired Economy” and “Clean Tech”, with “Social Media” and “Luxury Goods” their best-performing theme portfolios of the last year. Macrovue co-founder and chief executive Sid Sahgal believes the round was oversubscribed because the platform was “something innovative that wasn’t available in the market already”. He noted that this investment was also indicative of a rise in interest in fintech companies in Australia.
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