Drip Capital: Raises $175m
- Drip Capital is an age-old paper-based industry dominated by banks that focus on large established corporate customers
- Announces that it has raised $175 million in fresh capital to power its next phase of growth
- Funds raised include a $40 million Series C investment and $135 million in warehouse debt facilities
- To date, with this fundraise, Company has raised about $525 million in equity and debt funding
- The new capital also includes a $100 million warehouse credit facility with Barclays Investment Bank (Barclays)
- Founded in 2016, the company aims to solve the $3 trillion global trade finance gap
