Tech Company Financing Transactions
Onramp Funds Funding Round
Onramp Funds, operating out of Austin, secured $42 million in investment from Luther King Capital Management and private investors.
Transaction Overview
Company Name
Announced On
5/31/2022
Transaction Type
Debt
Venture Equity
Venture Equity
Amount
$42,000,000
Round
Undisclosed
Investors
Luther King Capital Management (Lead Investor)
Proceeds Purpose
While the credit line will be used for financing small businesses, the equity portion will go to build out Onramp's customer acquisition engine and bring in additional staff in the areas of engineering, product, sales, marketing and client success.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
Undisclosed
Austin, TX 78746
USA
Austin, TX 78746
USA
Phone
Website
Email Address
Overview
Creating the world's best eCommerce lending platform requires more than vision and fiery passion. It requires deep expertise in eCommerce, finance, and software development. The founding team at Onramp Funds has spent decades helping small and medium eCommerce sellers grow their business.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Eric Youngstrom
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We do our best to record tech company VC transactions. VC investment data records reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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