Capital closes $9M in Seed funding
June 30th, 2020
Capital, a modern alternative to equity financing which aims to redistribute the power back to the entrepreneur, has announced that it has raised $9 million in seed funding. The round was led by Jerry Yang's AME Cloud Ventures, with participation from Steve Jurvetson's Future Ventures, Greycroft, Wavemaker Partners, Partech, and angel investors including Rentech and First Round Capital's Howard Morgan and Stuart Roden, the former Chairman of Lansdowne Partners. These latest funds will be used to further develop the company's AI-based The Capital Machine, and to expand its efforts to empower companies to better understand their current capital stacks and make optimal fundraising decisions. The Capital Machine is powering the future of fintech with the first AI-based approach to accessing, deploying and servicing private capital.
“We founded Capital because we wanted to solve a massive problem in the fundraising process, which my own portfolio founders faced when I was a venture capitalist at Draper Fisher Jurvetson,” said Blair Silverberg, CEO of Capital. “The traditional fundraising process takes too long, is opaque to founders and early owners, and can be subject to biases. We believe that Capital offers a better way forward, with a fairer, faster, and more transparent private market process for accessing capital based on AI and direct business data.”
Read more on TechCrunch or find the Press Release here.
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