PE Tech Report

NEWSLETTER

Like this article?

Sign up to our free newsletter

Future Finance closes EUR40m investment round

Future Finance, a private student lender, has closed a EUR40 million Series C round of venture capital financing. The internal round was led by KCK with participation from S-Cubed, Invus, Fenway Summers and other existing shareholders.

Future Finance has now raised nearly EUR90 million in equity and GBP150 million in debt. More importantly, Future Finance has funded over GBP60 million in loans to deserving students.
 
This capital raise will support Future Finance’s effort to scale and hire top talent in London, Dublin, and Chicago. Hiring will focus on top software engineering and data science/analytics talent, which will be critical to the growth and innovation of Future Finance.
 
On closing the Series C funding round, CEO Alex King, says: “This raise marks an important point in Future Finance’s growth trajectory. EUR40 million represents a serious commitment from our investors and acknowledgement of the explosive potential of the UK student lending market.”
 
Margo Doyle, Chief Investment Officer at S-Cubed Capital, adds: “We have been impressed with what the new management team has accomplished in a year. The recent addition of Jeff Jackson as CFO/Head of Capital Markets really compliments the team given Jeff’s prior work experience at Goldman Sachs and 20-years in the student lending market. We look forward to further supporting Future Finance as the new management team continues to scale the business, hire top engineering and analytics talent, add new features and launch new products.”

Like this article? Sign up to our free newsletter

MOST POPULAR

FURTHER READING

Featured