Securities lending startup Sharegain brings backing to $12m in latest round

UK and Israel-based securities lending startup Sharegain has brought its outside investment to $12m through a new VC-backed funding round.

Blumberg Capital, Target Global, Maverick Ventures Israel and Rhodium all committed capital to the $5m total, as did unnamed private investors from the financial industry.

Sharegain aims to allow regular investors to lend out against securities in their portfolios – a practice that until now has largely been confined to institutional investors.

Research from IHS Markit suggests securities lending is a $2tn industry, with lenders earning more than $9bn in revenues from the practice in 2016.

Sharegain said it plans to roll out its platform to private banks, online brokers and robo-advisers, as well as increasing its operations with family offices and asset managers.

Last month Blumberg co-led a $4m investment round in FundGuard, a cloud-based investment funds operating system, alongside LionBird.

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