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Venture Capital

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Investments

48

Portfolio Exits

11

About Hillsven Capital

HillsVen Capital , founded in 2006 by Bobby Lent and Boris Putanec, is a seed capital venture firm focused primarily on innovative high-tech Silicon Valley and Israeli startups.

Hillsven Capital Headquarter Location

San Francisco, California,

United States

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Latest Hillsven Capital News

Stilt Raises $114M Series A in Debt and Equity Funding

Mar 23, 2022

Stilt , a financial services startup focusing on assisting immigrants, raised $14 million in a Series A equity funding round and a $100 debt facility for loans to customers, according to reports. The equity funding was led by Link Ventures with participation by Petrushka Investments, Hillsven Capital, Gokul Rajaram, former Stripe COO Claire Hughes Johnson, Checkout.com CTO Ott Kaukver, Superhuman CEO Rahul Vohra and others. Headquartered in Silicon Valley, the startup has raised a total of $375 million in equity and debt financing since launching in 2015. The company was founded by Priyank Singh and CEO Rohit Mittal when they were immigrants on visas. Backed by Y Combinator, Stilt has extended loans to people from more than 150 countries around the world. The mission-driven firm is aiming to democratize access to transparent credit products for the millions who are shut out by the financial system — immigrants, international students, Deferred Action for Childhood Arrivals (DACA) and visa holders. The company will use the fresh capital to expand its workforce, accelerate new product development and add the latest features to existing products. Onbo, a credit-as-a-service offering that enables any business to build and offer a credit product without needing a bank sponsor, was launched by the company earlier this month. The tool funds user accounts and deducts payments while also updating reimbursements in real-time. An integrated loan management system offers built-in accounting tools but also seamlessly works with third-party accounting tools. “We’ve spent 5 years at Stilt getting state lending licenses, building our credit stack, and refining our risk models. Now we're opening this entire stack for others to build innovative credit products ... This is the quickest way we can think of to democratize loans and credit building across the board,” Mittal said in a  press release  earlier this month. ——————————

Hillsven Capital Investments

48 Investments

Hillsven Capital has made 48 investments. Their latest investment was in Tesorio as part of their Series B on July 7, 2022.

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Hillsven Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/5/2022

Series B

Tesorio

$17M

Yes

3

3/10/2022

Series A

Stilt

$14M

No

18

1/5/2022

Series A

Formant

$18M

Yes

8

3/2/2021

Series B

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$99M

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10

12/23/2020

Series A - II

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$99M

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10

Date

7/5/2022

3/10/2022

1/5/2022

3/2/2021

12/23/2020

Round

Series B

Series A

Series A

Series B

Series A - II

Company

Tesorio

Stilt

Formant

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Amount

$17M

$14M

$18M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

3

18

8

10

10

Hillsven Capital Portfolio Exits

11 Portfolio Exits

Hillsven Capital has 11 portfolio exits. Their latest portfolio exit was Expensify on November 10, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/10/2021

IPO

$99M

Public

4

8/10/2021

Acquired

$99M

3

11/5/2018

Acquired

$99M

2

9/27/2018

Acquired

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$99M

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10

4/4/2017

Acquired

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$99M

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10

Date

11/10/2021

8/10/2021

11/5/2018

9/27/2018

4/4/2017

Exit

IPO

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

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Sources

4

3

2

10

10

Hillsven Capital Team

1 Team Member

Hillsven Capital has 1 team member, including current Managing Partner, Boris Putanac.

Name

Work History

Title

Status

Boris Putanac

Managing Partner

Current

Name

Boris Putanac

Work History

Title

Managing Partner

Status

Current

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