Tech Company Financing Transactions

Sila Funding Round

On 4/9/2020, Sila raised $7.7 million in Seed investment from Madrona Venture Group, Oregon Angel Fund and 99 Tartans.

Transaction Overview

Company Name

Sila

Announced On

4/9/2020

Transaction Type

Venture Equity

Amount

$7,700,000

Round

Seed

Investors

Madrona Venture Group (Lead Investor) (Hope Cochran)

Oregon Angel Fund (Lead Investor) (Rick Holt)

99 Tartans

private investors (Jerry Neumann)

private investors (Taavet Kinrikus)

Mucker Capital

Proceeds Purpose

The funds will be used to accelerate growth and introduce new product features to provide software developers with easier access to the global financial system.

Company Information

Company Status

Private & Independent

Industry

FinTech

Mailing Address

920 SW 6th Ave. 12th Floor
Portland, OR 97204
USA

Phone

Undisclosed

Website

www.silamoney.com

Email Address

[email protected]

Overview

Sila is a banking and payment platform for software teams building the next generation of financial products & services in regulated and unregulated industries. The Sila API enables white-label ACH payment processing, money transfer, digital wallets, bank account linking, and identity verification of business and individuals.

Profile

Social Media

Company News

Facebook

YouTube

Management Team

Title

Name

Email & Social

Chief Executive Officer

Shamir Karkal

Chief Operating Officer

Isaac Hines

Chief Technical Officer

Alex Lipton

VP - General Counsel

Angela Angelovska

Browse more venture capital transactions:

Prev: 4/9/2020: Percent venture capital transaction
Next: 4/9/2020: Monarch Biosciences venture capital transaction

Share this article

Where The Data Comes From

We report on every notable VC transaction. VC investment data records on this site are sourced from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.

Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary