Total amount raised
$46.5 Millions
Latest funding date
06/01/2021
Location
Atom Finance has successfully raised funds through multiple rounds, with its latest being a Series B on June 23, 2021. The company has attracted 19 investors, including notable names like Base Partners and General Catalyst.
Keep reading to explore the intricacies of Atom Finance's fundraising journey and the investors backing this innovative platform.
What Is Atom Finance?
Atom Finance, founded in November 2018 by Edward Lando and Eric Shoykhet, operates in the education, financial services, and fintech industries. The company is headquartered in New York, New York, and employs between 11 to 50 people.
Specializing in investment intelligence, Atom Finance offers an investor app and enterprise software solutions designed to provide high-quality insights and dynamic tools for investors. The company was acquired by Reflexivity in May 2024.
How Much Funding Has Atom Finance Raised?
- Seed Round
- Amount Raised: $1.9M
- Date: February 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their investment intelligence platform.
- Series A
- Amount Raised: $10.6M
- Date: October 2019
- Lead Investors: General Catalyst
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their product offerings and scale their operations.
- Series A
- Amount Raised: $6M
- Date: October 2020
- Lead Investors: General Catalyst, Greycroft
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further enhance their platform and increase market penetration.
- Series B
- Amount Raised: $28M
- Date: June 2021
- Lead Investors: SoftBank
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate hiring, increase premium subscriber growth, and expand partnerships with financial institutions.
Total Amount Raised: $46.5M. Current Valuation: Not publicly disclosed.
Key Investors
- SoftBank
- Details: SoftBank is a Japanese multinational conglomerate holding company headquartered in Tokyo. It is known for its aggressive investment strategy in technology and innovation sectors.
- Investment Focus Areas: Technology, telecommunications, internet services, AI, robotics, IoT, clean energy technology.
- Notable Investments: Uber, WeWork, Alibaba.
- General Catalyst
- Details: General Catalyst is a venture capital firm that provides early-stage and growth equity investments. It is based in Cambridge, Massachusetts, and has a strong focus on technology-driven companies.
- Investment Focus Areas: Technology, healthcare, consumer, financial services.
- Notable Investments: Airbnb, Stripe, Snap.
- Greycroft
- Details: Greycroft is a venture capital firm that invests in early and growth-stage companies. It is headquartered in New York and Los Angeles, focusing on internet and mobile technology.
- Investment Focus Areas: E-commerce, fintech, digital media.
- Notable Investments: Venmo, Braintree, The RealReal.
- Base Partners
- Details: Base Partners is a venture capital firm that focuses on technology and innovation-driven companies. It often participates in early-stage and growth-stage investments.
- Investment Focus Areas: Technology, innovation.
- Notable Investments: Specific notable investments are not detailed in the sources.
What's Next for Atom Finance?
Atom Finance is poised for significant growth, driven by opportunities to expand its team, increase its premium subscriber base, and form new partnerships with financial institutions. The recent $28 million Series B funding will enable the company to accelerate hiring and open a new office in Miami, positioning it well to capitalize on the growing demand for consumer software platforms that offer institutional-quality investment resources.
Future fundraising opportunities seem promising, given the company's successful track record and ambitious growth plans. However, Atom Finance will need to navigate challenges such as intense competition from other fintech companies and the necessity to continuously innovate to retain and attract users. As the company expands its services and geographic presence, potential regulatory hurdles may also arise.
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