You’ve heard of neobanks. Meet the neolender. One of the newest is London-based Proportunity. It’s now raised a $150 million mixed debt and equity funding round ($7 million equity financing and $143 million in debt), on top of its $10 million debt round in 2020.
The round was led by VentureFriends, Kibo Ventures and existing investors Anthemis, Entrepreneur First as well as new U.K. proptech investors Amro Partners. The startup plans to use this funding to grow its team, as well as increase its maximum loan size from £90,000 up to £150,000 per home.