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§ Private Profile · London, United Kingdom
Nutmeg is a technology company.
Nutmeg has raised $244.4M across 7 funding rounds.
Key people at Nutmeg.
Nutmeg has raised $244.4M in total across 7 funding rounds.
Nutmeg builds a digital wealth management platform, offering investment products such as ISAs, pensions, and general investment accounts. The platform provides various investment styles, including Smart Alpha portfolios utilizing actively and passively managed ETFs. Its core capability is delivering accessible, transparent, and adaptable investment services.
Nutmeg was founded in 2012 by Nick Hungerford and Jono Hey. Their insight aimed to democratize wealth management, extending sophisticated investment services to a broader audience through an intuitive, digital-first approach. Hungerford, as initial CEO, was instrumental in its early development as a pioneering UK robo-advisor.
The platform caters to diverse clientele, from first-time investors to seasoned individuals managing financial goals. Nutmeg's long-term vision, now part of J.P. Morgan Personal Investing, is to expand its digital wealth management offering. It empowers more individuals to achieve financial aspirations by leveraging technology for convenient and transparent investment solutions.
Nutmeg Technologies is a 100% woman-owned IT services provider specializing in managed IT solutions, business communications, and technology consulting for small and medium-sized businesses (SMBs) in Connecticut.[3][4][5] Founded around 2008, the company delivers tailored services including network support, cybersecurity, cloud solutions, unified communications, and disaster recovery, enabling clients to focus on core operations while outsourcing complex IT needs.[2][3][4] With under 30 employees and annual revenue below $5 million, Nutmeg leverages partnerships with vendors like Cisco, Avaya, VMware, and Microsoft to implement scalable infrastructure and telephony solutions on time and within budget.[3][4][5]
Nutmeg Technologies emerged in 2008 as a woman-owned enterprise targeting Connecticut's SMB market, building on over 17-20 years of collective industry experience by its 2025 operations.[2][3][5] The leadership team includes a President and CFO, COO, VP of Sales (Wayne Lerario), VP of Operations, VP of Support, and Director of Purchasing—each with refined expertise from prior roles in IT environments.[3] Early focus centered on simplifying IT complexity through on-site and remote support, evolving via strategic partnerships (e.g., Cisco Meraki, Datto) to offer comprehensive services like VoIP, cloud hosting, and 24/7 help desk from Windsor, CT.[3][4] Pivotal growth came from client testimonials highlighting reliable implementations, such as campus-wide telecom systems and responsive service, solidifying its regional reputation.[3]
Nutmeg Technologies rides the wave of SMB digital transformation, where cloud adoption, cybersecurity threats, and hybrid work demand outsourced IT expertise amid talent shortages.[2][5] Timing aligns with post-pandemic shifts toward remote monitoring and unified communications, amplified by market forces like rising ransomware and edge computing needs in regional U.S. markets.[4] By enabling Connecticut SMBs to access enterprise-level tools (e.g., Meraki wireless, Datto backups), Nutmeg reduces downtime risks and supports local economic resilience, indirectly fueling the startup ecosystem through reliable infrastructure for emerging businesses.[3][5]
Nutmeg Technologies is poised for steady regional expansion by deepening AI-driven monitoring, zero-trust security, and RingCentral-style cloud telephony amid SMBs' push for cost-effective scalability.[2][4] Trends like edge AI, 5G integration, and regulatory compliance (e.g., data privacy) will shape its trajectory, potentially growing via acquisitions or national partnerships. Its influence may evolve from local IT lifeline to key enabler in Connecticut's tech corridor, empowering more SMBs to innovate confidently—just as it started by demystifying IT for businesses focused on growth.[3][5]
Key people at Nutmeg.
Nutmeg has raised $244.4M across 7 funding rounds. Most recently, it raised $59.0M Other Equity in January 2019.
Nutmeg has raised $244.4M in total across 7 funding rounds.
Nutmeg's investors include Goldman Sachs, Balderton Capital, David Wolfson, Taipei Fubon Bank, Accel, Alumni Ventures, Antler, Citi Ventures, Footprint Coalition, Foundation Capital, Ignition Partners, Index Ventures.
