Total amount raised
$202 Millions
Latest funding date
10/1/2024
Location
Imprint has successfully raised significant funding over multiple rounds, establishing itself as a key player in the financial technology sector. The company specializes in creating modern co-branded financial products, including credit cards, deposit accounts, and installment loans.
Keep reading to explore the intricacies of Imprint's fundraising journey and the investors backing this innovative platform.
What Is Imprint?
Imprint, founded in 2020, is headquartered in New York City. The company was established by Daragh Murphy, Ethan Bloch, and Brandon Krieg. With a team of over 50 employees, Imprint focuses on creating co-branded financial products like credit cards, deposit accounts, and installment loans.
How Much Funding Has Imprint Raised?
- Venture Round
- Amount Raised: $14M
- Date: January 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart operations and develop initial product offerings.
- Series A
- Amount Raised: $38M
- Date: November 2021
- Lead Investors: Kleiner Perkins, Stripe
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series B
- Amount Raised: $75M
- Date: November 2023
- Lead Investors: Ribbit Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance technology infrastructure.
- Debt Financing
- Amount Raised: Not publicly disclosed
- Date: February 2024
- Lead Investors: Silicon Valley Bank
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operational expenses and growth initiatives.
- Series C
- Amount Raised: $75M
- Date: October 2024
- Lead Investors: Khosla Ventures
- Valuation at Round: $600M
- Motivation Behind the Round: To advance proprietary cloud-based platforms, deploy AI, and launch new co-brand programs.
Total Amount Raised: $202M. Current Valuation: $600M.
Key Investors
- Khosla Ventures
- Details: Khosla Ventures is a prominent venture capital firm led by Keith Rabois, who is a Managing Director at the firm. They led the $75 million Series C funding round for Imprint.
- Investment Focus Areas: Technology, healthcare, sustainability.
- Notable Investments: Square, DoorDash, Impossible Foods.
- Thrive Capital
- Details: Thrive Capital is a venture capital firm that participated in Imprint's Series C funding round. The firm is known for investing in internet and software companies.
- Investment Focus Areas: Internet, software, financial technology.
- Notable Investments: Instagram, Stripe, Robinhood.
- Kleiner Perkins
- Details: Kleiner Perkins is a venture capital firm that has been investing in technology and life sciences companies since 1972. They participated in Imprint's Series A and Series C funding rounds.
- Investment Focus Areas: Technology, life sciences, sustainability.
- Notable Investments: Google, Amazon, Twitter.
- Ribbit Capital
- Details: Ribbit Capital is a venture capital firm that focuses on financial technology. They led the $75 million Series B funding round for Imprint.
- Investment Focus Areas: Financial technology, insurance, cryptocurrency.
- Notable Investments: Coinbase, Robinhood, Credit Karma.
- Silicon Valley Bank
- Details: Silicon Valley Bank is a high-tech commercial bank that provided debt financing to Imprint. They specialize in banking services for startups and growth companies.
- Investment Focus Areas: Technology, life sciences, venture capital.
- Notable Investments: Not publicly disclosed.
What's Next for Imprint?
Imprint stands at the cusp of significant growth, driven by advancements in its proprietary cloud-based credit card and risk platforms. The deployment of machine learning and AI, coupled with the launch of co-brand programs with iconic brands, positions the company to capitalize on the increasing demand for customized financial solutions. With a valuation of $600 million and $75 million raised in Series C funding, the opportunities for expansion are vast.
Future fundraising rounds seem likely as Imprint continues to innovate and scale. However, the company will need to navigate challenges such as intense competition in the fintech space and the complexities of integrating advanced technologies. Maintaining strong partnerships and meeting high investor expectations will be crucial for sustained success.
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