/Companies

OakNorth

also invests · investor profileUnicorn · $5B

London, GB · Founded 2015 · 7 known investors

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OakNorth is a bank founded by entrepreneurs that provides tailored commercial lending — including debt finance for businesses and commercial real estate developers — combining credit expertise with technology. Launched in the UK in 2015, it has supported over $17 billion in loans and expanded into the US with a representative office in New York.

Founders & leadership

OakNorth was founded in 2015 by Rishi Khosla and Joel Perlman.

RKRishi Khosla
Rishi KhoslaCo-founderRishi Khosla co-founded OakNorth in 2015 and runs it as CEO, after being refused a working-capital loan for his previous company convinced him that banks could not credit-assess growth businesses. He and Joel Perlman had built Copal Amba to 3,000 people across eleven markets and sold it to Moody's in 2014, returning over 200x to seed investors.
JP
Joel PerlmanCo-founderJoel Perlman co-founded OakNorth in 2015 with Rishi Khosla, having co-founded and sold the financial research firm Copal Amba to Moody's alongside him in 2014. He serves as senior managing director.

Investors · 7

Also in the syndicate · 2

ClermontSoftBank's Vision Fund

Funding

SEC filings, press & company announcements

$880M disclosed across 2 rounds · 2019

Source: company announcements and press reports — follow each round's link for the claim.

Valuation · disclosed

Disclosed events
$2.8Bvaluation at GrowthFeb 2019
filing ↗

Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.

Frequently asked questions

What does OakNorth do?
OakNorth is a bank founded by entrepreneurs that provides tailored commercial lending — including debt finance for businesses and commercial real estate developers — combining credit expertise with technology. Launched in the UK in 2015, it has supported over $17 billion in loans and expanded into the US with a representative office in New York.
Who founded OakNorth?
OakNorth was founded by Rishi Khosla, Joel Perlman in 2015.
Who are OakNorth's investors?
OakNorth's investors include Clermont Group, SoftBank Vision Fund, Alanda Capital Holding Limited, Highsage Ventures, SoftBank Group.
How much funding has OakNorth raised?
OakNorth has disclosed $880M raised across 2 rounds.
Where is OakNorth headquartered?
OakNorth is headquartered in London, GB.