Total amount raised
$64 Million
Latest funding date
2/1/2021
Location
Wisetack has successfully raised funding over six rounds, with the latest being a Venture - Series Unknown round. The company is backed by nine investors, including Quadrille Capital and Trinity Capital.
Keep reading to explore the intricacies of Wisetack's fundraising journey and the investors backing this innovative platform.
What Is Wisetack?
Wisetack, founded in 2020, is a fintech company based in San Francisco, California. The company operates within the Financial Services, FinTech, and HVAC industries, providing SaaS service payment options for roofers, HVAC, and pest control companies.
With an employee count ranging from 101 to 250, Wisetack has established itself as a key player in offering financing solutions for home service businesses. The platform allows businesses to offer their customers monthly payment options for large purchases, enhancing customer satisfaction and business growth.
How Much Funding Has Wisetack Raised?
- Seed Round
- Amount Raised: USD 4,000,000
- Date: February 2019
- Lead Investors: Greylock
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company's initial operations and develop its core technology.
- Series A
- Amount Raised: USD 15,000,000
- Date: August 2019
- Lead Investors: Greylock
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the business and expand its market reach.
- Series B
- Amount Raised: USD 45,000,000
- Date: September 2021
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand into additional verticals such as auto repair and elective medical services.
- Series Unknown
- Amount Raised: USD 20,351,157
- Date: March 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further enhance the platform's capabilities and support ongoing business expansion.
- Series Unknown
- Amount Raised: USD 25,000,000
- Date: January 2025
- Lead Investors: Trinity Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling operations and enter new markets.
- Series Unknown
- Amount Raised: Not publicly disclosed
- Date: September 2025
- Lead Investors: Quadrille Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support strategic initiatives and long-term growth plans.
Total Amount Raised: USD 109,351,157
Current Valuation: Not publicly disclosed
Key Investors
- Quadrille Capital
- Details: Quadrille Capital is a private equity firm that has invested in Wisetack across multiple funding rounds. Jerome Chevalier is a notable partner associated with the firm.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Wisetack.
- Trinity Capital
- Details: Trinity Capital is a venture capital firm that recently invested in Wisetack. The firm focuses on providing growth capital to innovative companies.
- Investment Focus Areas: Technology, life sciences, clean energy.
- Notable Investments: Wisetack.
- Insight Partners
- Details: Insight Partners is a global venture capital and private equity firm that led Wisetack's Series B funding round. Founded in 1995, it has invested in over 400 companies worldwide.
- Investment Focus Areas: High-growth technology, software companies.
- Notable Investments: Shopify, Twitter, DocuSign.
- Greylock Partners
- Details: Greylock Partners is a venture capital firm that focuses on early-stage investments in technology companies. They have been involved with Wisetack since its seed round.
- Investment Focus Areas: Early-stage technology companies.
- Notable Investments: Facebook, LinkedIn, Airbnb.
- Bain Capital Ventures
- Details: Bain Capital Ventures is the venture capital division of Bain Capital, investing in seed to growth-stage startups. They participated in Wisetack's Series B funding round.
- Investment Focus Areas: Seed to growth-stage startups across various sectors.
- Notable Investments: LinkedIn, DocuSign, Jet.com.
What's Next for Wisetack?
Wisetack is poised to capitalize on significant opportunities in the buy now, pay later (BNPL) market, particularly in sectors like auto repair, elective medical, dental, veterinary, and legal services. With Americans spending over $400 billion annually on residential renovations and the U.S. automotive repair market projected to reach $250 billion by 2026, the potential for growth is immense.
Future fundraising rounds seem likely as Wisetack continues to expand its market reach and enhance its platform capabilities. The involvement of major investors like Insight Partners and Greylock Partners suggests strong support for ongoing growth initiatives. However, the company may face challenges such as competition from other BNPL providers and regulatory hurdles related to consumer financing.
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