Investors & Media
Since our launch in 2014, we have secured investment from angel syndicate Equity Gap, Scottish Investment Bank – the investment arm of economic development agency Scottish Enterprise – and a number of prominent investors from Scotland’s entrepreneurial and finance scene.
SIB agreed to invest £2.75 million in LendingCrowd in 2016, allowing LendingCrowd to lend more to qualifying Scottish SMEs alongside private sector investors.
Stuart Lunn, CEO of EAF, said: “We launched LendingCrowd to help bridge the funding gap facing so many small businesses, and we’re proud to support this vital sector of the economy. By building a tech-enabled platform capable of being scaled sustainably, we can fund the ambitions of British SMEs and help them create growth, jobs and futures.”
Kerry Sharp, head of SIB, said: “Under our expanded remit, we are increasing the diversity of finance provision in Scotland, and this new initiative with LendingCrowd is the first example of how we are opening up innovative sources of alternative funding to Scottish SMEs.”
In 2018, EAF secured an external funding round of £2 million in a deal that was led by Equity Gap and included SIB and private investors.
Jock Millican from Equity Gap said: “We are extremely pleased that our syndicate members once again backed LendingCrowd, with this raise being the largest single investment by Equity Gap to date. Existing and new investors in LendingCrowd recognise the progress to date and the potential for the business to scale.”
Press office & Press releases
For media enquiries, please call Charlotte Street Partners at 0131 516 5310 or email email@example.com
Below you can view LendingCrowd’s latest press releases and blog posts. You can also find links to recent media coverage here.