Fat Llama

Fat Llama is an online marketplace which enables users to rent items peer-to-peer.[1][2] It provides a Guarantee for lenders, which is underwritten by XL Catlin (Catlin Group). In summer 2017, Fat Llama took part in the Silicon-Valley based Seed accelerator Y Combinator.[3]

History

Co-founders Chaz Englander, Rosie Dallas and Owen Turner-Major founded Fat Llama, launching the website itself on 7 November 2016.[4]

Service

The platform is currently website-only, but Fat Llama has announced plans to release its app imminently.[5]

Funding

April 2018

Fat Llama raised $10 million in Series A funding in a round led by Ophelia Brown’s recently outed Blossom Capital, with participation from Niklas Zennström’s Atomico and existing backer Y Combinator

March 2017

Fat Llama received an initial Seed round of $1.3m in March 2017, raised from private individuals.[6] This followed an initial pre-Seed raise of £150,000 in October 2016.

November 2017

The platform announced $1.5m further backing from a combination of individuals and institutions including Greylock Partners, Justin Waldron and Paul Buchheit.[7]

References

  1. ↑ Murray, Amelia (2017-08-28). "'We make £1,000s by renting out our cameras and cars online'". The Telegraph. ISSN 0307-1235. Retrieved 2017-11-07.
  2. ↑ "Five ways to boost your personal income". The Independent. 2017-09-20. Retrieved 2017-11-07.
  3. ↑ Tepper, Fitz. "Fat Lama is a platform to lend and borrow anything". TechCrunch. Retrieved 2017-11-07.
  4. ↑ "Airbnb-style site launch for Londoners to rent out their possessions". Evening Standard. Retrieved 2017-11-07.
  5. ↑ Hewitson, Jessie (2017-11-04). "Rent out your breadmaker to earn extra dough". The Times. ISSN 0140-0460. Retrieved 2017-11-07.
  6. ↑ "London sharing economy platform Fat Lama raises £1m Seed round". UKTN (formerly Tech City News). 2017-04-03. Retrieved 2017-11-07.
  7. ↑ "EXCLUSIVE: Fat Lama scores $1.5m from backers including Greylock Partners". UKTN (formerly Tech City News). 2017-11-06. Retrieved 2017-11-07.
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