Total amount raised
$22.5 Millions
Latest funding date
11/01/2021
Location
Lendtable has successfully raised funds through multiple rounds, with the latest being a Series A round closed on November 10, 2021. The company is backed by 26 investors, including Streamlined Ventures and Rich Antoniello.
Keep reading to explore the intricacies of Lendtable's fundraising journey and the investors supporting this innovative platform.
What Is Lendtable?
Lendtable, founded in March 2020, is a financial services company based in San Francisco, California. The company was established by Mitchell Jones and Sheridan Clayborne.
Specializing in fintech and wealth management, Lendtable offers wealth-building cash advances to income-constrained individuals. The company employs between 11 and 50 people.
How Much Funding Has Lendtable Raised?
- Series A
- Amount Raised: $18M
- Date: November 2021
- Lead Investors: 01 Advisors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand services and enhance financial products for income-constrained individuals.
- Seed Round
- Amount Raised: $3M
- Date: October 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To increase customer base and improve service offerings.
- Pre-Seed Round
- Amount Raised: $1.5M
- Date: June 2020
- Lead Investors: Foundation Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To launch initial services and build the platform.
Total amount raised: $22.5M. Current valuation: Not publicly disclosed.
Key Investors
- 01 Advisors
- Details: 01 Advisors is a venture capital firm founded by former Twitter executives Dick Costolo and Adam Bain. The firm focuses on investing in early-stage technology companies.
- Investment Focus Areas: Technology, FinTech, SaaS
- Notable Investments: Not publicly disclosed
- Foundation Capital
- Details: Foundation Capital is a venture capital firm that has been investing in early-stage startups since 1995. The firm is known for its focus on technology and financial services.
- Investment Focus Areas: Technology, Financial Services, Consumer
- Notable Investments: Not publicly disclosed
- Streamlined Ventures
- Details: Streamlined Ventures is an early-stage venture capital firm that invests in technology startups. The firm aims to support companies that are transforming industries through innovation.
- Investment Focus Areas: Technology, Artificial Intelligence, SaaS
- Notable Investments: Not publicly disclosed
- Rich Antoniello
- Details: Rich Antoniello is an angel investor and the founder of Complex Media, a media and entertainment company. He has a background in media and digital content.
- Investment Focus Areas: Media, Digital Content, Entertainment
- Notable Investments: Not publicly disclosed
What's Next for Lendtable?
As Lendtable looks to the future, the company is poised to capitalize on the growing demand for employee financial wellness programs. With more companies recognizing the importance of financial health for their employees, Lendtable has the opportunity to expand its services and form strategic partnerships with financial institutions. This expansion could significantly increase their market reach and impact.
Future fundraising opportunities are likely to arise as Lendtable continues to grow. The company may seek additional venture capital or strategic investors to fuel its expansion and enhance its service offerings. However, challenges such as regulatory compliance and market competition will need to be navigated carefully to ensure sustained growth and success.
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