London-based embedded business finance platform Liberis has secured £70M (nearly €76.8M) in financing from long-term partners British Business Investments, Paragon Bank, BCI Europe, as well as financing and venture debt from new partner Silicon Valley Bank (SVB).
Financing of a business finance platform
According to the company, the new funds will be used to fuel company growth, launch new products and markets, and provide additional customer financing solutions. With this new round, Liberis’ total funds raised has hit a total of £200M (approx €219.3M), including over £50m (€54.8M) in equity funding.