Tech Company Financing Transactions
Funding U Funding Round
Funding U secured a $14 million funding round on 11/2/2020. Backers included Deciens Capital, Goldman Sachs and private investors.
Transaction Overview
Company Name
Announced On
11/2/2020
Transaction Type
Debt
Venture Equity
Venture Equity
Amount
$14,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The equity investment and the credit facility will scale operations and provide last gap loans, credit education and career networking to more than 1,500 career-focused students attending four-year colleges in the US.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
309 East Paces Ferry Rd. NE 400
Atlanta, GA 30305
USA
Atlanta, GA 30305
USA
Phone
Website
Email Address
Overview
Funding U is a merit-based student lender for career-focused college students. It offers an alternative to old FICO and cosigner-based bank loan models, and offers loans on the basis of student's academic performance, career trajectory, and earning potential, thus enabling students to apply for loans with fixed interest rates and avoid dropping out of college.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jeannie Tarkenton
Chief Financial Officer
Max Marquardt
Chief Technical Officer
Peter DeWeese
President
Jesse Dyer
VP - Bus. Development
Alan Ishida
VP - Marketing
Matthew Hall
Browse more venture capital transactions:
Prev: 11/2/2020: Teampay venture capital transaction
Next: 11/3/2020: MOMI Brands venture capital transaction
Share this article
About Our VC Transactions Data
Our team works diligently to document every notable VC transaction. VC investment data records on this site are derived from a variety of public sources. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs