Levenue and Newfound Global partner to boost financing for SMEs
By Gloria Methri
Levenue, the UK-based revenue-based financing platform, and Newfound Global, a London-based consultancy helping technology start-ups expand internationally, have announced a strategic partnership to empower mid-sized companies with alternative financing options to support their growth.
Levenue connects businesses with investors across the UK and Europe, enabling companies to secure funding based on their monthly recurring revenue (MRR).
To date, the company has enabled investors to provide 750+ startups with over £700 million in total financing. Levenue’s model ensures that businesses can unlock much-needed growth capital based on their revenue streams while maintaining autonomy over how they use the funds.
Levenue’s typical clients are industry-agnostic B2B or B2C businesses operating in the European Union, the UK or Switzerland. It has a recurring revenue model (e.g. subscription-based or SaaS), more than €30K MRR, at least six months of recurring revenue history, and revenue in EUR, USD, GBP, or CHF.
Newfound Global specialises in helping ambitious tech companies scale to new markets. With more than 25 years of experience, it provides companies with market validation, insights, senior talent acquisition, and operational support to accelerate market entry and commercial success. Newfound Global was founded by Peter Gillingwater, a name synonymous with ambitious tech ventures, with previous roles as CEO of Radi8, Managing Director of Nexec Leaders, and business mentor with London & Partners.
Newfound’s clients are mostly boot-strapped, angel-funded or post-series A businesses that have achieved success in their local market and are expanding into the UK and other territories. To date, Newfound has helped ventures such as BOX, Deepcrawl, Released, Timely, Laybuy, Cogo, Novastone, and C2FO successfully scale to the global arena.
Through this partnership, Newfound will support its clients to access flexible and fast financing options on Levenue’s alternative finance marketplace, enabling them to scale without sacrificing equity, staking personal assets as guarantees, or incurring high-interest rates.
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