Total amount raised
$8.2 Million
Latest funding date
08/01/2024
Location
Beeline has raised funding over 5 rounds, with the latest being a Post-IPO Equity round. The company is backed by investors including Cavalry Fund and Atalaya Capital.
Beeline offers a streamlined online platform for various loan products, promising quick application processes and fast closing times. Keep reading to explore the intricacies of Beeline's fundraising journey and the investors backing this innovative platform.
What Is Beeline?
Beeline, founded in 2019, is a financial services company based in Providence, Rhode Island. Specializing in digital home loan lending, Beeline offers a range of loan products for property buyers, investors, and homeowners.
Operating in industries such as AI, finance, fintech, and mortgage, Beeline employs between 51-100 people. The company emphasizes a streamlined, tech-driven application process, ensuring quick pre-approvals and fast closings.
How Much Funding Has Beeline Raised?
- Seed Round
- Amount Raised: USD 7,600,000
- Date: May 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To start operations in initial markets and expand services to 10 additional states by the end of 2020.
- Series A
- Amount Raised: Not publicly disclosed
- Date: December 2021
- Lead Investors: Cavalry Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and expansion in the digital home loan lending market.
- Series Unknown
- Amount Raised: USD 575,003
- Date: August 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's ongoing operations and technological advancements.
- Post-IPO Equity
- Amount Raised: USD 6,500,000
- Date: June 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand the company's market reach and enhance its digital platform.
- Post-IPO Equity
- Amount Raised: USD 7,400,000
- Date: November 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and invest in new technologies.
Total Amount Raised: USD 28,075,003. Current Valuation: Not publicly disclosed.
Key Investors
- Cavalry Fund
- Details: Cavalry Fund is a private investment firm that participated as a lead investor in Beeline's Series A funding round. The firm focuses on providing capital to emerging growth companies.
- Investment Focus Areas: Technology, healthcare, financial services
- Notable Investments: Beeline, Company X, Company Y
- Atalaya Capital
- Details: Atalaya Capital is an alternative investment advisory firm. They are known for their flexible capital solutions and have invested in Beeline's recent funding rounds.
- Investment Focus Areas: Real estate, specialty finance, corporate debt
- Notable Investments: Beeline, Company A, Company B
What's Next for Beeline?
Beeline's future looks promising as it continues to expand its digital home loan services across the United States. With plans to enter new markets, the company is poised to capture a significant share of the growing demand for streamlined, tech-driven loan processes. This expansion represents a substantial opportunity for Beeline to solidify its presence in the fintech industry.
As Beeline scales its operations, future fundraising rounds may be on the horizon to support this growth. The increasing use of machine learning and automation in financial services aligns well with Beeline's technology-driven approach, making it an attractive prospect for investors. However, the company will need to navigate challenges such as competition from established lenders and regulatory hurdles in different states.
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