Press Release August 17, 2020

Mashroom Completes £4 Million Convertible Loan Note

The London Technology team advised Mashroom Ltd on the completion of its £4,000,000 convertible loan note financing from the UK Future Fund and its existing investors.  

Mashroom is a unique end-to-end property letting platform that benefits both landlords and tenants. It combines technology with a community to deliver a better, more efficient way to let, secure, and maintain a property.

The Future Fund is a UK government scheme developed to support the UK’s innovative businesses currently affected by Covid-19. UK-based companies can apply for a convertible loan of between £125,000 and £5 million, to support continued growth and innovation in sectors as diverse as technology, life sciences and the creative industries. The UK government has made an initial £250 million available for investment through the scheme.

The deal team consisted of Ali Ramadan and Ella Donegan.