Osborne Clarke has advised the world's leading online marketplace for business lending, Funding Circle, on its latest round of fundraising. The latest fundraising round will be used to fuel the company's exploration into new products and new markets.

The internal, Series D round was led by Index Ventures and other existing investors, Accel Partners, Union Square Ventures and Ribbit Capital. In total, Funding Circle has now raised $123 million in equity funding.

Partner Rob Wood led the Osborne Clarke team, he was assisted by Senior Associate Simon Jones.

Rob Wood comments:

"We have been advising Funding Circle since they were a start-up. It is fantastic to see them complete such a successful equity-funding round.

"This is a significant transaction in the venture capital industry. Our expertise and reputation in this market makes us the ideal firm to be advising on these ground-breaking transactions. I wish Funding Circle good luck in their expansion and I look forward to working with them again in the future."