Many congrats to Daniel Lipinksi and Outfund for a successful closing of its £15m capital raising in Series A (+ an additional £100m debt financing) in a round led by Force Over Mass. Outfund is a rapidly growing UK-based Revenue-based Financing provider that increased its revenues sixfold in 2021 and opened three new countries in 2021 (Spain, Australia and US). As a former credit analyst and corporate banker I know very well how traditional corporate lending is (still) being done and how Revenue Based Financing is a true innovation in the funding landscape for fast growing early stage e-commerce SMEs.
In this transaction, our mandate was to complement the VC investor base with other types of investors within the early stage landscape and we are delighted to have succesfully brought in several new high profile investors ranging from angels, angel groups to family offices.