British SME lender Lovey secures up to €298 million to support UK companies. This funding will increase Lovey’s capacity to assist small businesses as they scale.
Amount Raised
€59 Million
Round Type
Debt Financing
United KingdomFinancial ServicesFinanceFintechLendingInvestors
Description
Lovey has announced a senior secured credit facility of up to €298 million with Pollen Street Capital. This facility includes €59 million of committed capital and a €238 million accordion to support SME and startup funding. The financing will enhance Lovey’s lending capabilities and enable greater support for UK small businesses. CEO Jack Smith highlighted the importance of this funding in facilitating easier access to capital for SMEs.
Who to call at Lovey, and when
A new round usually means Lovey is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Lovey raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Lovey, from your own LinkedIn network
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Fundz sees it the moment Lovey raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Lovey raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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