Investments
11Portfolio Exits
1
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Latest Initial Capital News
Mar 8, 2023
Fintech Franchise Network (FFN) , an Itasca, IL-based closed its initial capital round, totaling $18M from two key strategic funding partners, which has allowed the business to launch. These funds will be used as lending capital to fund non-prime consumer lending originations, with the balance being deployed as working capital. Founded in 2022 as an expansion channel of Bright Side Loans and led by Glenn Hafner, CEO, Chris Jerzewski, COO, and Sandeep Devagiri, Chief Data Scientist, FFN is leveraging founder Greg Fasana’s non-prime lending platform that brings together applied data science, custom models, analytics and work-flow management across the entire application and customer lifecycle. Over the next five years, FFN is looking to deliver 28 virtual lending branches (franchises) with an expected future valuation in excess of $300M. In addition to strategic leadership and management, Hafner is also responsible for capital raising and investor relations. FinSMEs
Initial Capital Investments
11 Investments
Initial Capital has made 11 investments. Their latest investment was in Growlib as part of their Unattributed VC on September 9, 2020.
Initial Capital Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
9/2/2020 | Unattributed VC | Growlib | Yes | 1 | ||
8/8/2019 | Seed VC | UU Blockchain Games | Yes | 3 | ||
8/18/2017 | Series A - II | RRUU | $5.25M | Yes | 2 | |
4/21/2017 | Series A | |||||
1/4/2017 | Series B |
Date | 9/2/2020 | 8/8/2019 | 8/18/2017 | 4/21/2017 | 1/4/2017 |
|---|---|---|---|---|---|
Round | Unattributed VC | Seed VC | Series A - II | Series A | Series B |
Company | Growlib | UU Blockchain Games | RRUU | ||
Amount | $5.25M | ||||
New? | Yes | Yes | Yes | ||
Co-Investors | |||||
Sources | 1 | 3 | 2 |
Initial Capital Portfolio Exits
1 Portfolio Exit
Initial Capital has 1 portfolio exit. Their latest portfolio exit was Xunyou on May 27, 2015.
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