Tech Company Financing Transactions
Able AI Funding Round
Canapi Ventures and Human Capital invested in a $20 million Series A funding round for Able AI. The funding round closed on 6/16/2022.
Transaction Overview
Company Name
Announced On
6/16/2022
Transaction Type
Venture Equity
Amount
$20,000,000
Round
Series A
Investors
Canapi Ventures (Lead Investor) (Neil Underwood)
Proceeds Purpose
Able is a game-changer. Their team is already working with several banks in the Canapi network on use cases that span the entire loan lifecycle
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
340 Pine St 200
San Francisco, CA 94104
USA
San Francisco, CA 94104
USA
Phone
Undisclosed
Website
Email Address
Overview
Able uses AI to streamline the commercial loan process. Our technology platform reads, understands, and organizes all of the information banks have about borrowers. As the loan process proceeds, Able keeps everyone up to date on the transaction and provides a collaborative space to answer any questions that may arise. It's a much better experience. Loans close faster, and everyone spends less time on paperwork.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Co-Founder
Andrew Hurst
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About Our Venture Capital Transactions Database
Our team works diligently to report on every notable VC transaction. VC investment data records reported here are derived from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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