Augmentum Venture Partner Martyn Holman explains the purpose and mechanics of Convertible Loan Notes in this blog post for Disruption Hub.

 

“Venture Capital investors are equity investors. Generally, they accept the risks inherent in investing permanent capital into loss making businesses in return for a share of the upside generated when a company makes a successful exit.

Within the limited structuring options open to manage these risks, the Convertible Loan Note (CLN) offers some interesting opportunities for both investor and entrepreneur, and is increasingly used throughout the growth curve of a company. It is important therefore to understand the basic features of the instrument, and the implications of using them for both investor and entrepreneur.”

 

Read the full article here

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Rahil Patel

Rahil is an Analyst at Augmentum. He joined the fund full-time following a Summer internship in 2018.

Prior to Augmentum, Rahil studied Geography at Durham University and has previously worked with Mayfair Insurance Company and Sipsmith Gin.

When he is not curating the office Alexa playlist, Rahil tries to keep up with his passion for DJing that began at university.

Learn more about Rahil in this blog post.

Georgie Hazell

Georgie heads up engagement at Augmentum, which involves supporting portfolio companies, engaging with investors and the wider fintech ecosystem (including marketing and events), and supporting the team internally.

Georgie has worked in a number of startups across people, strategy and growth leadership positions. Following her MBA and a consultancy project with Crowdcube, Georgie moved into venture capital.

Passionate about diversity and inclusion, particularly in VC and entrepreneurship, Georgie founded women in tech network Elevate, led on UK expansion for Her Campus Media, volunteers with Diversity VC and mentored with The Girls Network.

Ellen Logan

Ellen is an Associate at Augmentum. Prior to joining Augmentum, Ellen was an Associate Consultant at OC&C Strategy Consultants and worked at people analytics startup Bunch in Berlin. Ellen studied Economics at Edinburgh University.