Tech Company Financing Transactions
Empower Funding Round
Initialized Capital and Sequoia Capital participated in a $4.5 million funding round for Empower. The round was announced on 9/20/2018.
Transaction Overview
Company Name
Announced On
9/20/2018
Transaction Type
Venture Equity
Amount
$4,500,000
Round
Undisclosed
Investors
Initialized Capital (Lead Investor) (Alexis Ohanian)
Proceeds Purpose
This latest round will accelerate the company's new product offering, Empower banking, a new kind of mobile bank with unmatched rewards.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
Undisclosed
San Francisco, CA 94107
USA
San Francisco, CA 94107
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Empower aims to help millennials manage their finances through its mobiles app for iOS devices. Its mobile app combines the ability to see an overview of your day-to-day transactions and spending behavior, with other tools to transfer money between accounts, automate your savings, and soon, pay bills and pay down your debt.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Founder
Warren Hogarth
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We do our best to document funding rounds that are announced publicly. VC investment data records reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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