Eurazeo et al. in €40m capital increase for Younited

Previous investors Crédit Mutuel Arkéa, AG2R La Mondiale and Weber Investissements joined new investors BPI France, Matmut Innovation and Zencap Asset Management in the round.

The fresh capital will be used to accelerate the company's European expansion and allow it to invest further in its data and credit scoring technology.

BPI drew capital from its €600m Large Venture Fund to support the transaction.

Previous funding
Younited (then known as Prêt d'Union) raised seed funding in 2010.

Kima Ventures and Crédit Mutuel then led a €3.8m series-B round in November 2011. This round was extended by €3.22m in May 2012 with involvement from Weber.

Arkéa, AG2R and Weber then supported a €10m series-C for the company.

In July 2015, Eurazeo led a €31m series-D round for Younited alongside La French Tech and business angel Pierre Kosciusko-Morizet.

A year later, Eurazeo led a €15m series-E for the company.

Company
Founded in October 2009, Younited began operating in 2011 as a crowd-lending service. Its online platform allows lenders to provide consumer loans without the need for intermediaries.

Headquartered in Paris, the business employs 190 staff in France, Italy and Spain, and claims to have provided €500m in loans since inception.

People
BPI France – Paul-François Fournier (chief innovation executive).
Younited Credit – Charles Egly (CEO); Geoffroy Guigou (COO); Donald Bryden (chairman).

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• Topics
• Expansion
• France
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• Eurazeo
• BPI France
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• France