Funding Circle Fund Raises 142mn British Pounds

The Funding Circle SME Income Fund has doubled its investments with a 142 million British pound ($176 million) fundraising; the fundraising is the result of a new C share offering which will convert to ordinary shares within nine months; the Fund is now valued at over 300 million British pounds ($371 million) and has the capacity to issue approximately 350 million more shares in the next twelve months. Source

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