SaaS RegTech PassFort closes on $16.2 million Series A - NewsBreak
London-based SaaS RegTech provider PassFort has closed a $16.2 million Series A funding round. The Series A was led by the US growth equity fund, Level Equity, with participation from PassFort's existing investors OpenOcean, Episode 1 and Entrepreneur First. $4.89 million worth of venture debt was also provided by Shard Credit Partners - with PassFort being the first investment from its newly launched UK tech-focused venture debt strategy.
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