Future Finance, Europe’s leading private student lender, recently closed a €40 million Series C round of venture capital financing. The internal round was led by KCK with participation from S-Cubed, Invus, Fenway Summers and other existing shareholders.
Future Finance has now raised nearly €90 million in equity and £150 million in debt and has funded more than £60 million in loans to deserving students.
This capital raise will support Future Finance’s effort to scale and hire top talent in London, Dublin, and Chicago, with a focus on top software engineering and data science/analytics talent.
“This raise marks an important point in Future Finance’s growth trajectory,” CEO Alex King said. “€40 million represents a serious commitment from our investors and acknowledgement of the explosive potential of the UK student lending market.”
“We have been impressed with what the new management team has accomplished in a year,” S-Cubed Capital CIO Margo Doyle said. “The recent addition of Jeff Jackson as CFO/head of capital markets really compliments the team given Jeff’s prior work experience at Goldman Sachs and 20 years in the student lending market. We look forward to further supporting Future Finance as the new management team continues to scale the business, hire top engineering and analytics talent, add new features and launch new products.”
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