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Venture Capital
northhillventures.com

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Investments

57

Portfolio Exits

15

Funds

2

Service Providers

1

About North Hill Ventures

With $125 million under management, North Hill is a venture capital firm focused exclusively on early-stage financial technology and marketing technology investments.

North Hill Ventures Headquarter Location

Ten Post Office Square 11th Floor

Boston, Massachusetts, 02109,

United States

617-788-2150

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Latest North Hill Ventures News

North Hill Ventures Joins $20M Funding for Lendio

Oct 31, 2016

North Hill Ventures Joins $20M Funding for Lendio 10/30/16 Lendio, the nation’s leading marketplace for small business loans, today announced at Money20/20 that it has secured $20 million in funding from Comcast Ventures and Stereo Capital with participation from existing investors Napier Park, Blumberg Capital, Tribeca Venture Partners and North Hill Ventures. This round of capital will be used to accelerate Lendio’s growth through marketing, sales and brand awareness for millions of small business owners across the U.S. The funding comes after facilitating another record quarter of loan volume funded through Lendio’s online marketplace of 75 lenders with $63 million going to small businesses in Q3. This continued growth occurred across key metrics, fueled by strategic partnerships with Staples, GoDaddy and American Express. “Comcast Ventures and Stereo Capital are ideal partners because they have broad experience scaling SMB business models, deep connections in mass market media and great understanding of FinTech,” said Brock Blake, founder and CEO of Lendio. “Even though we’ve helped facilitate funding for more than 13,000 small business owners, we’re just scratching the surface as to the number of business owners that we can help; our goal is to help Fuel the American Dream for the millions of SMBs that make up the backbone of our U.S. economy.” “Lendio’s success securing meaningful partnerships and impressive year-over-year growth shows the company is poised to go big,” said Dave Zilberman, managing director of Comcast Ventures, who will be joining Lendio’s board of directors as part of the transaction. “This funding will help the company further its mission of helping small business owners find the right loans.” With more than 100 percent growth year-over-year, Lendio has focused efforts over the past twelve months on the customer experience, investments in technology and critical unit economics of the business. This round of capital will enable Lendio to further leverage its market leadership and move towards expanded brand awareness among small business owners. Other highlights from the company’s record breaking Q3, include: - Announced new partnerships with Supplier Success and TownSquare Media - Over $63 million in loans funded – 14 percent growth from Q2 2016 and 93 percent year-over-year growth from Q3 2015 - More than 2,900 businesses funded – 22 percent growth from Q2 2016 and 242 percent year-over-year deal growth from Q3 2015 - Record number of repeat customers — 33 percent increase over Q2 2016 and 227 percent year-over-year deal growth from Q3 2015 - Loans funded in 46 of 50 states - Recognized as Utah’s Best Companies to Work For 2016 “Small and medium sized businesses have been held hostage by capital markets over the last several years,” said Jim Smith, partner at Stereo Capital. “Lendio is unlocking those markets with its unequaled ability to match borrowers and lenders.” “Every day, Lendio matches thousands of small businesses with the financing they need to grow, hire, and thrive,” Blake added. “Over the past year, we’ve been busy testing new customer acquisition strategies. With this new round of capital, we now have the resources to launch these exciting new initiatives that will help us to expand our brand awareness and help small businesses find the best loan for any situation.” About Lendio Lendio is a free online service that helps business owners find the right small business loans within minutes. The center of small business lending, our passion is fueling the American Dream by uniting the small business loan industry and bringing all options together in one place, from short-term specialty financing to long-term low-interest traditional loans. Our technology makes small business lending simple, decreasing the amount of time and effort it takes to secure funding. More information about Lendio is available at  www.lendio.com .

North Hill Ventures Investments

57 Investments

North Hill Ventures has made 57 investments. Their latest investment was in SquadLocker as part of their Series B - II on July 7, 2018.

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North Hill Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/13/2018

Series B - II

SquadLocker

$1.9M

No

1

8/23/2017

Series B

SquadLocker

$7.05M

No

3

2/10/2017

Series A - II

SquadLocker

$4M

No

2

10/25/2016

Series D

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$99M

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10

8/10/2016

Series F

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$99M

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10

Date

7/13/2018

8/23/2017

2/10/2017

10/25/2016

8/10/2016

Round

Series B - II

Series B

Series A - II

Series D

Series F

Company

SquadLocker

SquadLocker

SquadLocker

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Amount

$1.9M

$7.05M

$4M

$99M

$99M

New?

No

No

No

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Co-Investors

Sources

1

3

2

10

10

North Hill Ventures Portfolio Exits

15 Portfolio Exits

North Hill Ventures has 15 portfolio exits. Their latest portfolio exit was CashStar on August 30, 2017.

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

8/30/2017

Acquired

$99M

7

5/10/2017

Acquired

$99M

1

10/1/2014

Acquired

$99M

2

11/28/2012

Acquired

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$99M

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10

9/27/2012

Acquired

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$99M

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10

Date

8/30/2017

5/10/2017

10/1/2014

11/28/2012

9/27/2012

Exit

Acquired

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

7

1

2

10

10

North Hill Ventures Acquisitions

1 Acquisition

North Hill Ventures acquired 1 company. Their latest acquisition was Payroll Associates on January 24, 2005.

Date

Investment Stage

Companies

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

Total Funding

Note

Sources

1/24/2005

$99M

Acquired

Date

1/24/2005

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acquired

Sources

North Hill Ventures Fund History

2 Fund Histories

North Hill Ventures has 2 funds, including North Hill Ventures II LP.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/1/2001

North Hill Ventures II LP

Early-Stage Venture Capital

Closed

$62M

1

9/1/1999

North Hill Ventures I LP

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$99M

10

Closing Date

12/1/2001

9/1/1999

Fund

North Hill Ventures II LP

North Hill Ventures I LP

Fund Type

Early-Stage Venture Capital

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Status

Closed

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Amount

$62M

$99M

Sources

1

10

North Hill Ventures Service Providers

1 Service Provider

North Hill Ventures has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

General Counsel

Service Provider

Associated Rounds

Provider Type

Counsel

Service Type

General Counsel

Partnership data by VentureSource

North Hill Ventures Team

3 Team Members

North Hill Ventures has 3 team members, including former General Partner, Shamez Kanji.

Name

Work History

Title

Status

Brett Rome

Corporate Decisions, and The Parthenon Group

Founder

Current

Shamez Kanji

General Partner

Former

Benjamin Malka

General Partner

Former

Name

Brett Rome

Shamez Kanji

Benjamin Malka

Work History

Corporate Decisions, and The Parthenon Group

Title

Founder

General Partner

General Partner

Status

Current

Former

Former

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