Great news for our portfolio company, out of Fund II, Trussle, the U.K. online mortgage broker that announced a GBP ±14m funding round, lead by Goldman and Propel, we continued to invest and support the company!
Notably, the round is led by Goldman Sachs Principal Strategic Investments — a division of Goldman Sachs — and Propel Venture Partners, a fund backed by European banking giant BBVA. In addition, a number of other investors also participated including Finch Capital, which led Trussle’s Series A fund raise, and Seedcamp, which has backed the fintech startup from the get-go. Launched in 2016, Trussle moves the entire mortgage process online, bringing with it much-needed transparency. One aspect to this — powered by the data it is amassing, coupled with machine learning — is making it infinitely easier to ‘switch’ mortgage when a better deal or lower interest rate becomes available. The same technology-driven approach is being used for those looking to find and apply for a new or first time mortgage.