Level announces £20m capital raise to support growth in family and private client law lending
Level, a UK-based and FCA regulated lender within the family and private client law sectors, has announced that Guernsey-based 1818 Venture Capital has made a substantial equity investment in its business and set up a dynamic new debt facility for the company, representing a combined total investment approaching £20m.
Level unlocks future liquidity for clients and law firms in family law proceedings, probate, and other related matters. This allows clients to access justice through proper legal representation or to achieve their financial goals without the delay that court proceedings often entail. The company works with over 200 UK law firms and has funded hundreds of cases and clients.
George Williamson, Founder and CEO of Level said: “We are delighted to welcome 1818 Venture Capital as a shareholder. Their investment, and in particular the fact that we were able to achieve it during lockdown, is a testament to the strength of our team and our leadership position in the family and private client lending marketplace. We see significant growth opportunities ahead and this new equity capital, combined with our new and highly flexible funding line, will allow us to capture those opportunities.”
Richard Avery-Wright, Founder and CEO of 1818 Venture Capital said: “At 1818 Venture Capital, whether we are looking at investments for our digital transformation portfolio or our opportunistic portfolio, we look to back exceptional management teams that have a clear plan for high growth. In George Williamson and the rest of the Level team we identified a supremely talented CEO and an ambitious team that have become market leaders in their niche, winning recognition from major law firms throughout the UK and industry ranking organisations like Chambers and Partners.”