Lending platform Sugar has raised £1.5mn Pre-Seed funding.
In Brief:
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The funding was led by passion Capital, which has also backed Monzo.
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It also included Velo Partners and strategic angel investors.
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Sugar provides debt finance specifically for the video games industry through automation.
What does this mean?
Video games have been a growing market this year and Passion Capital says they need “flexible, quick and efficient financing”.