RateSetter valued at over £200m
|
RateSetter yesterday raised £13m from Woodford Investment Management and Artemis. The investment formed its eighth fundraising round, and took RateSetter’s total amount raised in equity to £41.5m.
The company operates a peer-to-peer lending platform, matching prospective borrowers up with prospective lenders according to the preferred interest rates and amounts of each. It was founded by Rhydian Lewis in 2009, and raised its first round two years later in 2011 (£1.5m).
RateSetter is backed by at least one business angel alongside Woodford CF Equity Income Fund and Artemis, both of whom invested previously in 2015.
Whilst the amount for this latest fundraising is yet to be confirmed by Beauhurst research, RateSetter claims that it puts the company’s valuation at over £200m.
Discover the UK's most innovative companies.
Get access to unrivalled data on all the businesses you need to know about, so you can approach the right leads, at the right time.
Book a 40 minute demo to see all the key features of the Beauhurst platform, plus the depth and breadth of data available.
An associate will work with you to build a sophisticated search, returning a dynamic list of organisations matching your ideal client.