Tech Company Financing Transactions
Scratchpay Funding Round
Scratchpay, operating out of Los Angeles, secured $65 million from Companion Fund, FJ Labs and Struck Capital.
Transaction Overview
Company Name
Announced On
10/28/2019
Transaction Type
Debt
Venture Equity
Venture Equity
Amount
$65,000,000
Round
Series B
Investors
Proceeds Purpose
The equity portion of the round, led by Companion Fund, with participation from TTV Capital, FJ Labs and Struck Capital, will be used to invest in product development and advancing Scratchpay's proprietary underwriting model. The debt portion of the round, a $50M warehouse facility with Credit Suisse, will be used to help Scratchpay meet growing demand from pet owners for the company's simple, friendly payment options.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
815 Colorado Blvd. 450
Los Angeles, CA 90041
USA
Los Angeles, CA 90041
USA
Phone
Website
Email Address
Overview
Scratchpay Financial - A Los Angeles-based financial service company for the veterinary care industry.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
John Keatley
Chief Operating Officer
Caleb Morse
Browse more venture capital transactions:
Prev: 10/28/2019: Aviatrix Systems venture capital transaction
Next: 10/28/2019: PierianDx venture capital transaction
Share this article
Where The Data Comes From
We do our best to document all VC transactions involving tech companies. VC transactions reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs