Borro hits up Rocket Internet for series E

Feb 11, 2015 • Thierry Heles

Borro, a US-based online platform that provides luxury asset-backed lending, has secured $19.5m in a series E round co-led by incubator Rocket Internet and equity crowdfunding site OurCrowd.

The company has raised a total of $171.5m to date, with remaining investors including Ribbit Capital, Canaan Partners, Eden Ventures, Augmentum Capital, RockBridge Capital Partners, Victory Park Capital and European Founders Fund.

Borro provides an online pawnbroker service, where customers can obtain loans from $5,000 to $2m secured against luxury items such…

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