Tech Company Financing Transactions
Petal Funding Round
Petal closed a $13 million Series A investment round on 1/11/2018. Backers included Valar Ventures, Abstract Ventures and Afore Capital.
Transaction Overview
Company Name
Announced On
1/11/2018
Transaction Type
Venture Equity
Amount
$13,000,000
Round
Series A
Investors
Proceeds Purpose
Petal will use this new round of funding to expand its team, bring its product to tens of thousands of consumers that have signed up for the waitlist on petalcard.com, and demonstrate the predictive value of Cashflow Underwriting as a powerful alternative to traditional credit scoring.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
P.O. Box 980515
Sacramento, CA 95798
USA
Sacramento, CA 95798
USA
Phone
Website
Email Address
Overview
Petal uses the latest methods in machine learning and product design to create innovative consumer financial products.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jason Gross
Founder
Andrew Endicott
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Where The Data Comes From
We do our best to report on every notable VC transaction. All VC database entries reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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