Fat Lama, a London, UK-based peer-to-peer rental marketplace, raised $10m in Series A funding.
The round, which brings total funding raised to date to over $13.2m, was led by Blossom Capital, with participation from Atomico and Y Combinator.
The company intends to use the funds to expand its product, engineering, and operations teams.
Led by CEO Chaz Englander, Fat Lama is a fully-insured online marketplace for lending and borrowing anything including Film & Photography, Campervans, Drones, Video Projectors, Bikes, etc.
According to the company’s web site, lenders on the platform are earning up to $10,000/month and rentals are insured for up to $30,000 per item.
Fat Lama has already launched in New York.
FinSMEs
07/05/2018