2015’s biggest investments: Borro £13m

Long term growth funding for luxury asset-backed lending platform Borro

Company: Borro

Description: Luxury asset-backed lending

Founders: Paul Aitken

Based in: London

Raised: £13m

Investors: OurCrowd, Rocket Internet, Canaan Partners, Eden Ventures, Augmentum Capital

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“This funding will enable us to accelerate our growth in our core US and UK businesses. We will continue to grow through our already successful partnership channels as well as our expansion into new product areas.”

Jon Medved, founder and CEO of OurCrowd:

“Working with Borro marks the single largest equity crowdfunding round ever completed and demonstrates how equity crowdfunding can complement traditional funding sources. We are thrilled to be investing in quality companies like Borro that are redefining the FinTech industry.”

Read the original article on Startups.

About the Author:

Jay wrote about luxury asset trends for Borro Private Finance