Lucky Hand acquires Vane Capital, pushing combined financing past $700M
What's the deal? Lucky HandDealroom has a profile for this one. Try Dealroom → Group has acquired Vane Capital, a specialty finance company that provides working-capital financing to digital media, advertising, and entertainment businesses in Europe and the US. Terms were not disclosed. Together, the combined platform has facilitated more than $700 million in total financing volume to date.
What each side brings: Lucky Hand, founded in 2022, offers non-dilutive, receivables-based financing to advertising agencies, media companies, production studios, talent managers, and creators, funding clients within 24 to 48 hours. Vane, formerly BillFront and founded in 2015, runs operations in Berlin, London, and New York.
What's the endgame? Lucky Hand wants to build the leading working-capital platform for the creative economy. It will fold Vane's agency-finance technology and operating capabilities into its platform, deepening its reach across the US and UK.
Why now? "Creative businesses are among the most commercially important in the modern economy, yet traditional finance was never built around how they operate," said Madelaine D'Angelo, chief executive officer of Lucky Hand. The company is targeting more than $200 million in receivables-based financing originations over the next 18 months.
What changes? Vane's clients gain a larger backer. Grigoris "Greg" Dimitriou, co-founder and former CEO of Vane, called Lucky Hand "the right strategic owner to build on that foundation and take the platform into its next phase of international growth." Wellesley Hills Financial advised Vane on the deal.
The signal: The acquisition points to consolidation in specialty finance aimed at the creative economy — a sector underserved by traditional lenders who struggle to underwrite invoices and contracted revenue rather than hard assets. By combining two receivables-focused platforms, Lucky Hand is betting that scale and shared technology will let it serve agencies and creators that banks overlook.
Read more: GlobeNewswire
