Blossom, Atomico in $10m series-A for Fat Lama

Atomico also took part in the round alongside startup accelerator Y Combinator, which was an existing investor.

The fresh capital will be used to fund further expansion into the US, as well as hiring for the engineering and operations teams in London. The company currently employs 20 people and expects to triple that number by the end of 2018.

Previous funding
83 North (then Greylock Partners) led a £1.15m funding round for Fat Lama in November 2017 to support its expansion to New York.

Company
Founded in 2015, Fat Lama operates a platform that allows renting of belongings to others nearby. The company also offers insurance on the items rented. It is headquartered in London and has an additional office in New York, where it has already listed 6,000 items.

People
Blossom Capital – Ophelia Brown (founder).
Atomico – Carolina Brochado (partner).
Fat Lama – Chaz Englander (CEO).

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