Merian Chrysalis Investment Company has taken a £19m position in challenger bank Starling, as it recognises the "considerable change" going on in financial services.
According to an announcement updating the stock exchange this morning (13 February), Merian Chrysalis will contribute towards Starling's series C funding round, subject to regulatory approval. Merian led the round, in which Starling raised £75m, participating alongside existing backer Harald McPike, a Bahamas-based hedge fund investor, who invested a further £25m, according to the Financial Times. The investment trust, co-managed by small and mid-cap-managers Richard Watts and Nick Williamson, praised the bank for its "impressive and efficient platform" and its ability to offer new in...
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