Addleshaw Goddard has advised UK "digital upskilling" start-up Knoma on its £20m fundraising with Fasanara Capital ahead of the company's launch.
Knoma helps lifelong learners finance tech courses by enabling them to spread the cost with zero interest and zero fee loans. It was able to formally launch this week after signing a deal with Fasanara Capital and previously raising capital from leading venture capital and angel investors and crowdfunding through a mix of equity and debt funding.
The AG team was led by Corporate Partner Oliver Stevens and Speciality Finance partner Zoe Connor.
Zoe Connor said: "We are delighted to have assisted Knoma with this innovative transaction with Fasanara which we hope will be transformational as it scales up its business from start-up to fully operational funder of tech courses."
Knoma has entered into partnerships with a number of leading tech and coding schools. It will initially focus on the UK market with a view to expanding globally in the coming years.
Oliver Stevens said: "We have been working with Knoma since its inception and were fascinated when we first heard about its business model. In the current climate it makes even more sense and we wish Brett and the rest of the team at Knoma all the best with what we expect will be an exciting next few years for them. "
Knoma CEO and Founder Brett Shanley said “The AG team has been wonderful to work with. A massive thank you goes to them for their commitment and dedication to completing this deal. At all times AG provided comprehensive and insightful advice ensuring we felt confident and in control. We look forward to working with them again in the near future.”