Da Vinci invests £15m in EZBob

The fresh capital was provided at a post-money valuation of £100m, according to press reports.

The GP held a final close for Da Vinci Private Equity Fund II on $125m in March 2015, short of its $200m target.

Previous funding
EZBob received its initial funding through a £2.7m round in December 2012, provided by Sheffield-based Angel Co-Fund, a VC firm with support from the British Business Bank.

Angel Co-Fund also took part in a £3.1m round in July 2013 alongside Phenom Ventures.

Finally in March 2016, Israel-based Bank Leumi and Oaktree Capital Management invested in a £20m series-C funding round for the company.

Company
Established in 2011, EZBob is an online SME lender that trades as Everline and EZBob. It has so far processed 90,000 loan applications for SMEs. It operates an automated lending platform, which links to a company's key data sources, including cloud-based accounting services, tax reports and bank statements, in order to make fast lending decisions based on performance. EZBob lends up to £120,000, with typical annual costs of between 16-24% depending on the company's risk profile. It employs 60 people in London, Tel Aviv and Sofia.

People
Ezbob – Tomer Guriel (CEO).

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