Wallace advise New Model Venture Capital on second Guaranteed Venture Portfolio Loan financing
Wallace advise New Model Venture Capital on second Guaranteed Venture Portfolio Loan financing
Wallace has advised New Model Venture Capital, a leading London investment company, on its second investment under the Guaranteed Venture Portfolio Loan model.
New Model Venture Capital invests in early-stage startups with strong ideas and ambitious founders. They provide funding, guidance, and connections to help these companies grow into successful businesses.
The deal was led by Angus Young, Partner, Venture Capital, and Charlotte Lang, Associate, Venture Capital.
The investment for this financing is up to £20 million to support the growth of various portfolio companies.
Wallace previously advised New Model Venture Capital on structuring and executing the world's first Guaranteed Venture Portfolio Loan, a groundbreaking £15.85 million financing arrangement with institutional funders.
James Stephenson, Investment Director at New Model Venture Capital, commented: “We’re delighted to have worked with Angus, Charlotte, and the Wallace team once again on this transaction, which will fuel additional growth for us and our portfolio companies.”
Angus Young, Partner at Wallace, commented: “We’re very pleased to continue to support New Model Venture Capital as it continues finance through the bespoke Guaranteed Venture Portfolio Loans. The deal will help provide more resources to build for the future.”
