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April 4, 2011 01:53 pm GMT

Online Pawn Broker Borro Raises 7.5m Led By Augmentum Capital

Online pawn broker Borro has raised 7.5m in a round led by Augmentum Capital, the growth capital fund launched by Tim Levene and Richard Mathews.Existing investors Eden Ventures and Rockridge Investments have also participated, while the new investment will be used by Borro to "aggressively drive new customer acquisition" and raise awareness of the company's offering. The company is also backed by The European Founders Fund.

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