Total amount raised
$115 Millions
Latest funding date
04/01/2021
Location
Brigit is a financial technology platform designed to help users manage their finances through services like instant cash advances, credit building, and overdraft protection. The platform has attracted over 9 million users, highlighting its impact and utility in promoting financial security.
Keep reading to explore the intricacies of Brigit's fundraising journey and the investors backing this innovative platform.
What Is Brigit?
Brigit, founded in 2017, is a financial technology company dedicated to helping users manage their finances. The company operates in the FinTech industry, offering services such as instant cash advances, credit building, financial insights, and overdraft protection.
With a user base of over 9 million, Brigit emphasizes ease of use and financial security, requiring no credit checks for most services. The company is based in the United States and focuses on providing tools that promote financial stability and savings for its users.
How Much Funding Has Brigit Raised?
- Seed Round
- Amount Raised: $3M
- Date: February 2018
- Lead Investors: DCM Ventures
- Seed Round
- Amount Raised: $2M
- Date: January 2019
- Lead Investors: DCM Ventures
- Series A
- Amount Raised: $35M
- Date: January 2020
- Lead Investors: Lightspeed Venture Partners
- Debt Financing
- Amount Raised: $75M
- Date: April 2021
- Lead Investors: Community Investment Management
In total, Brigit has raised $115M across all funding rounds.
Key Investors
- Community Investment Management
- Details: Community Investment Management (CIM) is an institutional impact investment manager that provides debt capital to scale and demonstrate responsible innovation in lending to underserved communities. CIM focuses on supporting financial inclusion and economic development.
- Investment Focus Areas: Financial inclusion, economic development, responsible lending
- Notable Investments: Not publicly disclosed
- Lightspeed Venture Partners
- Details: Lightspeed Venture Partners is a multi-stage venture capital firm focused on accelerating disruptive innovations and trends in the enterprise and consumer sectors. The firm has a global presence with investments in various high-growth companies.
- Investment Focus Areas: Enterprise, consumer, healthcare, fintech, cleantech
- Notable Investments: Snap, Affirm, Grubhub
- DCM Ventures
- Details: DCM Ventures is an early-stage venture capital firm that partners with entrepreneurs to build impactful and enduring companies. The firm has a strong presence in the United States and Asia, focusing on technology-driven startups.
- Investment Focus Areas: Technology, consumer internet, software, mobile, fintech
- Notable Investments: SoFi, Bill.com, Lime
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