Interactive Investor raises £5.8m

Online broker Interactive Investor has today announced it has raised £5.8m of new capital from shareholders in an oversubscribed offering to investors.

The fundraising, led by growth capital investor by MMC Ventures, is set to allow the broker, which also acts as an investment website, to take advantages for growth following the implementation of the Retail Distribution Review, which comes into force in January. Interactive Investor chief operating officer Adam Seale said: "The success of the capital raise demonstrates the confidence our shareholders have in our strategy to grow market share."