Debt marketplace operator CrossLend raised $38.5m in a series B round led by Santander InnoVentures at a reported valuation of more than $110m.
Financial services firm Santander led a €35m ($38.5m) series B round for Germany-based debt-trading marketplace CrossLend on Wednesday through strategic investment fund Santander InnoVentures.
The round also featured ABN Amro Ventures, the corporate venturing subsidiary of financial services provider ABN Amro, and venture capital firms Earlybird and Lakestar. The money was raised at a valuation of more than $110m according to Bloomberg.
Founded in 2014, CrossLend runs a pan-European debt marketplace that converts pre-existing debt agreements into capital market instruments…
