LONDON, March 13, 2018 /PRNewswire/ --
- Future Finance completed €40 million Series C round with existing investors.
- Investors remain excited about Future Finance's ability to disrupt the UK student lending market.
- Equity injected will be used to fund loans and hire top talent in London, Dublin and Chicago.
Future Finance, Europe's leading private student lender, recently closed a €40 million Series C round of venture capital financing. The internal round was led by KCK with participation from S-Cubed, Invus, Fenway Summers and other existing shareholders.
Future Finance has now raised nearly €90 million in equity and £150 million in debt. More importantly, Future Finance has funded over £60 million in loans to deserving students.
This capital raise will support Future Finance's effort to scale and hire top talent in London, Dublin, and Chicago. Hiring will focus on top software engineering and data science/analytics talent, which will be critical to the growth and innovation of Future Finance.
On closing the Series C funding round, CEO Alex King commented, "This raise marks an important point in Future Finance's growth trajectory. €40 million represents a serious commitment from our investors and acknowledgement of the explosive potential of the UK student lending market."
Margo Doyle, Chief Investment Officer at S-Cubed Capital, added, "We have been impressed with what the new management team has accomplished in a year. The recent addition of Jeff Jackson as CFO/Head of Capital Markets really compliments the team given Jeff's prior work experience at Goldman Sachs and 20-years in the student lending market. We look forward to further supporting Future Finance as the new management team continues to scale the business, hire top engineering and analytics talent, add new features and launch new products."
About Future Finance
Future Finance, Europe's leading student lender, provides competitive tailored loans to UK students whose government loans and bursaries are insufficient to cover higher education costs. Future Finance facilitates access to education through its proprietary lending platform built for the needs of students. This enables Future Finance to lend to students unlikely to obtain loans from banks or other traditional lenders.
Future Finance is authorised and regulated by the Financial Conduct Authority in the U.K. Firm Reference Number is 719436.
About S-Cubed Capital
S-Cubed Capital is a diversified investment holding company and family office located in Menlo Park, California. The organization has global interests in Technology, Financial Asset Management, Sports Management, Agribusiness, Philanthropy and Real Estate.
S-Cubed Capital's investment portfolio is comprised of direct investments as well as partnerships with many leading investment managers.
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SOURCE Future Finance