Series A closes with equity and venture debt for UK subscription health business
The HLaw team were pleased to have assisted a long standing client with its series A funding round, raising funds from a number of institutional investors whilst at the same time agreeing terms for an £8 million revolving credit facility from one of the investors which has been secured by various charges.
Our team is seeing venture debt increasingly come into play at series A and even beforehand with many founder teams looking to explore non-dilutive means of securing funding to expand.
Deal/project: Series A and venture debt
Date closed: August 2022
Other lawyers and advisors: Confidential