How Much Did Hummingbird Raise? Funding & Key Investors

Hummingbird has successfully raised funding over three rounds, with the latest being a Series B led by Battery Ventures. The company is backed by a total of 11 investors, including notable names like William Hockey and Flourish Ventures.

Hummingbird's platform offers advanced solutions for anti-money laundering and counter-terrorist financing investigations, leveraging AI and automation to enhance compliance and risk management operations. Keep reading to explore the intricacies of Hummingbird's fundraising journey and the investors backing this innovative platform.

What Is Hummingbird?

Hummingbird, based in Covina, California, is a private technology company specializing in anti-money laundering and counter-terrorist financing solutions. The company operates in various industries, including FinTech, Analytics, Banking, Big Data, Consulting, Enterprise Software, GovTech, Machine Learning, Professional Services, and Software.

With an employee count ranging from 51 to 100, Hummingbird leverages AI and automation to enhance compliance and risk management operations. The company is dedicated to fighting financial crime through its comprehensive platform, which includes customer screening, transaction monitoring, investigations, and regulatory reporting.

How Much Funding Has Hummingbird Raised?

1. Seed Round
   • Amount Raised: USD 3,005,068
   • Date: October 2018
   • Lead Investors: Homebrew
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To develop and launch their initial product offerings in the anti-money laundering and counter-terrorist financing space.
2. Series A
   • Amount Raised: USD 8,200,000
   • Date: July 2020
   • Lead Investors: Flourish Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand into new practice areas, continue operational growth, and enter the European market.
3. Series B
   • Amount Raised: USD 30,000,000
   • Date: November 2021
   • Lead Investors: Battery Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale their platform and enhance AI and automation capabilities for better compliance and risk management.

Hummingbird has raised a total of USD 41,205,068. The current valuation is Not publicly disclosed.

Key Investors

• Battery Ventures
  • Details: Battery Ventures is a global, technology-focused investment firm that has been investing in cutting-edge, category-defining businesses since 1983.
  • Investment Focus Areas: Software, Enterprise IT, Industrial Technology, Consumer Technology, FinTech
  • Notable Investments: Nutanix, Coupa Software, Glassdoor
• Flourish Ventures
  • Details: Flourish Ventures is a venture firm that invests in entrepreneurs whose innovations help people achieve financial health and prosperity.
  • Investment Focus Areas: Financial Health, FinTech, InsurTech, RegTech
  • Notable Investments: Aspiration, Chime, Propel
• Homebrew
  • Details: Homebrew is a seed-stage venture capital firm that partners with founders building the companies of tomorrow.
  • Investment Focus Areas: FinTech, SaaS, Marketplaces, Consumer Technology
  • Notable Investments: Plaid, Gusto, Chime
• Designer Fund
  • Details: Designer Fund is a venture capital firm that invests in startups with a strong focus on design.
  • Investment Focus Areas: Design, FinTech, SaaS, Consumer Technology
  • Notable Investments: Stripe, Gusto, Notion
• TTV Capital
  • Details: TTV Capital is a venture capital firm that invests in early-stage fintech companies.
  • Investment Focus Areas: FinTech, Payments, Banking, Lending
  • Notable Investments: Greenlight, Cardlytics, Bill.com

What's Next for Hummingbird?

Hummingbird is poised to capitalize on significant opportunities, including expanding into new practice areas like transaction disputes and consumer protections in lending. The company also plans to enter the European market, starting with Ireland and the U.K., which could substantially increase its market reach.

Given these growth prospects, future fundraising opportunities seem likely as Hummingbird continues to scale its operations and enhance its technology. The increasing importance of automation in AML compliance and the need for data collaboration and machine learning further bolster its potential for attracting additional investment.

However, challenges such as navigating regulatory complexities in new markets and adapting to evolving financial crime tactics could pose hurdles. Despite these challenges, Hummingbird's focus on innovation and efficiency positions it well for future success.

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