Bound raises £18m Series A led by AlbionVC for European expansion and product development.
AlbionVC leads the Series A round to support European expansion and perpetual hedging solutions.
Bound provides an automated foreign exchange risk management platform that helps businesses hedge against currency volatility without manual intervention.
Bound has secured £18m in a Series A funding round led by AlbionVC to accelerate its expansion across Europe. Additional backing came from Notion Capital and GoHub Ventures, alongside continued support from existing investors. The capital will enable the firm to pursue regulatory authorisation in the European Union and drive product innovation for its perpetual foreign exchange hedging solutions. This follows a period of strong growth that saw the platform trade nearly $2bn in 2025 against a backdrop of heightened global currency volatility.
From the founder
"The world is in a genuinely volatile state, and we don’t believe we’re heading back into a period of stability anytime soon. Exchange rate volatility has never been higher, and most businesses feel that whether they realise it or not."
Seth Phillips
CEO at Bound
Investor perspective
"Currency volatility has become a structural challenge for modern businesses, not a short-term anomaly. What impressed us about Bound is its clear understanding that FX risk management shouldn’t be reserved for multinational corporates with specialist treasury teams. FX risk management is an industry reliant on many legacy systems and is therefore ripe for disruption. Bound is building essential financial infrastructure that allows growing businesses to protect margins, plan with confidence, and operate internationally in an increasingly unstable world. We’re excited to support Seth and the team as they scale this capability to a much broader market."
Jay Wilson
Partner, AlbionVC
Use of funds
- 01Expand into international markets
- 02Continue product development
