Northzone in £26m series-B round for MarketInvoice

The funding round was led by Barclays' fintech fund and Santander's corporate venture arm InnoVentures. Technology-focused credit fund Viola Credit provided a £30m debt package, in addition to taking part in the equity round.

The fresh capital will enable MarketInvoice to increase its headcount and expand its business loans division, having focused primarily on invoice finance to date. The business is also looking to expand its service into new international markets.

Previous funding
Northzone first invested in MarketInvoice in December 2014, taking part in a £5m funding round alongside Indeed.com co-founder and former CEO Paul Forster. The following August, Northzone and Forster provided the company with an additional £10m in growth capital.

Listed Polish private equity firm MCI Capital then led a £7.2m investment round for MarketInvoice in 2016.

Company
Founded in 2011, MarketInvoice is headquartered in London with an additional office in Manchester. The company operates an online platform that allows businesses to sell outstanding invoices to investors with the aim of raising capital.

People
MarketInvoice – Anil Stocker (co-founder, CEO).

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• Topics
• Expansion
• UK / Ireland
• Financials
• United Kingdom
• Northzone
• Venture