Deals

FinTech January 13, 2021

Outfund raises £37 million in equity and debt finance

At the tail end of 2020, HLaw helped the revenue-based finance business Outfund on what it’s calling a late-seed investment round involving Fuel Ventures, TMT Investments, Force Over Mass Capital and others.

Outfund has committed itself to lending £100 million to e-commerce and subscription-based businesses during 2021, and it may be at time of writing the UK’s largest revenue-based lender of this kind.

Outfund was co-founded by CEO Daniel Lipinski, who co-founded and sold the logistics platform ParcelBright to Veeqo in 2016.

What a story of growth Daniel is now writing at Outfund. We were pleased to have been able to help.

Deal/project: Late seed round

Date closed: December 2020

Space: FinTech

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