Borro Private Finance

Borro Private Finance

  • FOUNDING YEAR: 2008
    LOCATION:
    United States
    REGION:
    New York
    Last Update:
    14 Feb, 2020
    Global presence:
    United States

Description

FOCUS

PRODUCTS & SERVICES:
Provides loans backed by luxury assets such as fine art, antiques, jewelry, luxury watches & luxury handbags
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Retail Borrowers
EXISTING PARTNERSHIPS:
Touch Financial Support, XPRO, LeadPoint, Paradigm Mortgage Services

PEOPLE

FOUNDERS:
Paul Aitken
Board Members and Advisors:
Paul Aitken, Nigel Morris, Dan Ciporin, Paul Gratton, Tim Levene, Ben Tompkins
NUMBER OF EMPLOYEES:
51-200
INVESTORS:
Augmentum Capital, Canaan Partners, Eden Ventures, European Founders Fund, OurCrowd, Ribbit Capital, RockBridge Capital Partners, Rocket Internet, The R-Group, LLC, Victory Park Capital
KEY EMPLOYEES:
Paul Aitken(CEO)

TRACTION

TRANSACTIONS VALUE:
$75 MM

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$184.44 Millions
DATE OF LAST FUNDING:
Dec 2017
FUNDING SERIES:
SERIES A
$2.5 Millions Closed: Oct 2008
SERIES B
$12.11 Millions Closed: Apr 2011
SERIES C
$26 Millions Closed: Oct 2012
SERIES D
$112 Million Closed: Mar 2014
SERIES E
$19 Million Closed: Feb 2015
Others
$12.84 Millions Closed: Jan 2017
LISTED:
NO
COMMENT:
Conventional debt: $112 M(March 2014)

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