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Venture Capital
FINANCE | Investment Firms & Funds
outrunventures.com

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Investments

5

About Outrun Ventures

Outrun Ventures is a London-based fund investing in founders scross Europe from Seed to Series A.

Headquarters Location

41 Luke St

London, England, EC2A 4DP,

United Kingdom

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Outrun Ventures Web Traffic

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Outrun Ventures Rank

Latest Outrun Ventures News

Fintech Railsr closes £40m Series C for embedded finance service

Oct 4, 2022

Embedded finance platform Railsr, formerly known as Railsbank, has closed a $46m (£40.4m) Series C round, consisting of $26m (£22.8m) in equity and $20m (£17.6m) of debt. New investor Mars Capital has provided the £17.6m debt funding, with the equity coming from previous investors Anthos Capital, Ventura, Outrun Ventures, CreditEase and Moneta. Its platform offers prebuilt banking, cards, credit and reward services. Nigel Verdon, CEO and co-founder, said: “I am absolutely delighted that less than four months after Railsbank evolved to become Railsr, we have achieved another milestone and closed our Series C, a significant step on our route to profitability.” Railsr’s Series C follows reports earlier this year that it was seeking a further $100m (£74m) in capital. It secured £50m funding in July last year. Railsr has more than 300 customers, according to the company, including HelloCash, Sodexo and Payine. Its partners include Toqio, which last month closed £17.8m for its white label fintech platform. “The Railsr partnership has allowed Toqio to deliver cost-effective financial services solutions to the market and has been one of the key enablers of our growth. We look forward to our continued collaboration,” said Mike Galvin, co-founder and CCO, Toqio. Before Railsr, Verdon founded Evolution, which was sold to BAE, and Currencycloud which was bought by Visa.

Outrun Ventures Investments

5 Investments

Outrun Ventures has made 5 investments. Their latest investment was in Railsr as part of their Series C - II on October 10, 2022.

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Outrun Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/4/2022

Series C - II

Railsr

$26M

No

12

3/8/2022

Seed VC - II

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$99M

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10

7/14/2021

Series C

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$99M

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10

11/2/2020

Series A

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$99M

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10

11/12/2019

Series A

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$99M

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10

Date

10/4/2022

3/8/2022

7/14/2021

11/2/2020

11/12/2019

Round

Series C - II

Seed VC - II

Series C

Series A

Series A

Company

Railsr

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Amount

$26M

$99M

$99M

$99M

$99M

New?

No

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Co-Investors

Sources

12

10

10

10

10

Outrun Ventures Team

1 Team Member

Outrun Ventures has 1 team member, including current Founding Partner, Chris Adelsbach.

Name

Work History

Title

Status

Chris Adelsbach

Founding Partner

Current

Name

Chris Adelsbach

Work History

Title

Founding Partner

Status

Current

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