General Atlantic has invested $250 million in Greensill. The deal values Greensill, a London provider of working capital finance to businesses, at $1.64 billion.
London, United Kingdom – July 16, 2018 – Greensill, a market-leading provider of working capital finance for companies globally, announced todayit has received a strategic investment from General Atlantic, a leading globalgrowth equity firm.
General Atlantic’s $250 million investment values Greensill at $1.64 billion.
Founded in 2011, Greensill provides businesses with alternative sources offunding, allowing them to provide suppliers with the opportunity for fasterpayment, while at the same time preserving their own capital position. Greensill has facilitated payments to 1.5 million suppliers and provided over$40 billion of financing across 50 countries since inception.
In its next phase of growth, Greensill plans to work closely with GeneralAtlantic to drive continued expansion by developing new partnerships withglobal corporates, deepening its existing client relationships, and investingfurther in technology to deliver best-in-class products and services to itscustomers.
Lex Greensill, Founder and Chief Executive Officer of Greensill, said, “This is a fantastic endorsement from one of the world’s leading globalgrowth equity firms. We look forward to working closely with General Atlantic, which is known for partnering with entrepreneurial firms toaccelerate growth and build global brands. With GA’s support, we intend tostrengthen our ability to recruit and retain the best people, developpowerful fintech infrastructures to support our clients, and create broaderawareness of the benefits we can provide companies.”
“Greensill is a leader in its field and has developed an innovative and attractive service that provides the market with highly sought-after yieldopportunities. With its fully integrated technology and funding solutions, thecompany has a competitive advantage in the underserved supply chain finance market, where $3.5 trillion of working capital is locked up at anygiven moment,” said Gabriel Caillaux, Managing Director and Head of EMEAat General Atlantic, who will join the company’s board of directors. “We lookforward to partnering with Lex and the entire team to drive the company’snext phase of growth.”
Greensill is a market-leading provider of working capital finance for companies globally. Founded in 2011, Greensill provides businesses withalternative sources of funding, allowing them to provide suppliers with theopportunity for faster payment, while at the same time preserving their own capital position. The company is headquartered in London with offices in New York, Chicago, Miami, Frankfurt, Johannesburg, and Sydney. Greensill provides Supply Chain Finance facilities to customers across Europe, North America, Latin America, Africa, and Asia. The company ownsGreensill Bank, which was founded in Bremen, Germany in 1927, and has four proprietary Supply Chain Finance Funds, which are run by world leading fund management organisations, along with 75 banks and institutionalinvestors that together provide stable funding. Greensill has provided clientsall over the world with more than $40 billion of funding since inception.
About General Atlantic
General Atlantic is a leading global growth equity firm providing capital and strategic support for growth companies. Established in 1980, General Atlantic combines a collaborative global approach, sector specific expertise, a long-term investment horizon and a deep understanding of growth drivers to partner with great entrepreneurs and management teams to build exceptional businesses worldwide. General Atlantic has morethan 115 investment professionals based in New York, Amsterdam, Beijing, Greenwich, Hong Kong, London, Mexico City, Mumbai, Munich, Palo Alto, São Paulo, Shanghai, and Singapore. For more information on GeneralAtlantic, please visit the website: www.generalatlantic.com