Borro raises $19.5 mln
Borro said Tuesday it has raised $19.5 million in funding led by OurCrowd and Rocket Internet. OurCrowd contributed more than $6 million of the capital raised while Rocket Internet increased its stake in Borro to 10 percent. Existing investors Canaan Partners, Eden Ventures and Augmentum Capital also participated in the round, the statement said. New York-based Borro allows individuals to use luxury assets --including fine art, antiques, jewelry, luxury watches, fine wine, prestige and classic cars -- as collateral for loans. FT Partners provided financial advice to Borro.
10 February 2015•4 mins read
