Melbourne-based Fundsquire, a company that offers a source of capital for startup and scale-ups, has announced that it raised $75M (approx €63.5M) in a debt and equity round of funding.
The round was invested by London-based investment management firm Fasanara Capital.
Established in 2011, Fasanara Capital is a quantitative fintech investment company authorised and regulated by the FCA. It claims to offer access to inventive disruptive products and real-economy impact investment solutions. Fasanara manages approx $1.9B in assets under management across four core strategies.
Use of the capital
The proceeds from this round will help Fundsquire to support its goals, launch new funding products in its existing markets in Australia, Canada, and the UK, and enable tech development and market expansion in the coming year.
Speaking on the development, Damien Petty, CEO & founder of Fundsquire, says, “Our mission has been to invest capital into growing businesses across the world, and to make that process as straightforward, quick, and personalised as possible for our customers. This investment accelerates our global growth and expansion of game-changing funding solutions for cutting edge businesses.”
What does Fundsquire offer?
Founded in 2016 by Damien Petty, Fundsquire is a source of capital that invests in businesses in Australia, the UK, and Canada. It invests in businesses that are conducting R&D, receiving grants, or generating revenue to accelerate and empower their growth.
The company says, “There are better alternatives to selling equity. We believe accessing R&D tax incentives and making use of your revenue as leverage should be priorities for businesses looking to improve cash flow, speed to market, and increase their ability to grow.”
Over the past year, Fundsquire has doubled its investments in category-leading businesses that are conducting R&D. This rapid growth has been enabled by strategic expansion of the team and operations along with technology platform development.
The company has partnered with various leading advisors, investors, and accountants to enable seamless funding options for businesses. Fundsquire claims that its expansive community of partners provide its clients with a holistic network of support and connections.